Financial Sector Legislation Amendment (Review of Prudential Decisions) Act 2008 (25 of 2008)

Schedule 1   Court power of disqualification etc.

Part 1   Amendments commencing on Royal Assent

Superannuation Industry (Supervision) Act 1993

49   Paragraph 120(1)(c)

Repeal the paragraph, substitute:

(c) either:

(i) to the extent that the Regulator is the Commissioner of Taxation - the Regulator has disqualified the individual under section 126A; or

(ii) to the extent that the Regulator is APRA - the Federal Court of Australia has disqualified the individual under section 126H.