Superannuation Legislation Amendment (Resolution of Complaints) Act 1998 (118 of 1998)

Schedule 2   Amendment of the Superannuation Industry (Supervision) Act 1993

1   After section 337

Insert:

337A Trustee may enter into arbitration agreement

Nothing in this Act or any other law of the Commonwealth, in any law of a State or Territory (whether written or unwritten), or in the governing rules of a fund, scheme or trust prevents a trustee of a fund, scheme or trust from:

(a) entering into an arbitration agreement under Part 7A of the Superannuation (Resolution of Complaints) Act 1993; or

(b) giving effect to an award made by the Superannuation Complaints Tribunal under that Part of that Act in an arbitration conducted under an agreement so entered into.