Financial Sector Legislation Amendment Act (No. 1) 2003 (116 of 2003)

Schedule 6   Superannuation Industry (Supervision) Act 1993

1   Section 337A

Repeal the section, substitute:

337A Trustee may give effect to award made under arbitration agreement

If:

(a) the Superannuation Complaints Tribunal made an award in an arbitration conducted under an arbitration agreement entered into under the former Part 7A of the Superannuation (Resolution of Complaints) Act 1993; and

(b) the award is still in force;

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 giving effect to the award.