Superannuation Industry (Supervision) Amendment Regulations 2004 (No. 3) (113 of 2004)

Schedule 1   Amendments commencing on 1 July 2004

[16]   Regulation 9.29

insert

(2) The Regulator may direct the trustee of the fund, in writing, to require an actuarial investigation to be made in relation to the fund if the Regulator considers, on reasonable grounds, that to do so would be:

(a) in the prudential interests of the fund; and

(b) in the best interests of the members or beneficiaries of the fund.

(3) The trustee of the fund must comply with a written direction under subregulation (2).