Superannuation Industry (Supervision) Act 1993

Pt 31 repealed by No 154 of 2007, s 3 and Sch 1 item 155, effective 24 September 2007.

Div 2 repealed by No 154 of 2007, s 3 and Sch 1 item 155, effective 24 September 2007.

Subdiv B repealed by No 154 of 2007, s 3 and Sch 1 item 155, effective 24 September 2007.

S 357 repealed by No 154 of 2007, s 3 and Sch 1 item 155, effective 24 September 2007. S 357 formerly read:

SECTION 357 EXISTING MANAGEMENT COMPANY MAY GIVE NOTICE OF RETIREMENT  
357(1)
Subject to section 358 , the existing management company may retire from the office of management company of the Part 31 entity by giving written notice to the existing trustee in accordance with this section.

357(2)
A notice must specify a date of effect that is:

(a) at least 3 months after it is given to the existing trustee; and

(b) after 30 June 1994.

357(3)
The existing management company cannot give a notice if the existing trustee has already given the existing management company a notice under section 363 .

357(4)
If the existing management company gives the existing trustee a notice, the existing management company must give a copy of the notice to APRA.

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History

S 357(4) amended by No 54 of 1998.

357(5)
The existing management company must not intentionally or recklessly contravene subsection (4).

Penalty: 250 penalty units.

Note:

Chapter 2 of the Criminal Code sets out the general principles of criminal responsibility.

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History

S 357(5) amended by No 31 of 2001, s 3 and Sch 1 item 228, by inserting the note at the end, effective 15 December 2001.

357(6) [No revocation]  

A notice cannot be revoked.