OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

PART II - SUPERANNUATION FUNDS  

Division 1 - General  

REGULATION 14   STANDARD RELATING TO DECISIONS BY TRUSTEES  

14(1)   [ Standard ]  

For the purposes of subsection 7(1) of the Act, the following standard is prescribed in relation to the operation of a private sector fund or public sector fund of a kind referred to in subregulation 13(1) , namely, a decision by a board or committee of trustees of the kind referred to in paragraph 13(1)(a) , a board of a body corporate of the kind referred to in paragraph 13(1)(c) , or a board, committee or other body of the kind referred to in paragraph 13(1)(b) , shall require not less than two-thirds of the total number of the members of the board, committee or other body, as the case may be, to have voted in favour of the decision.

14(2)    
(Omitted by SR No 150 of 1990)