Superannuation Industry (Supervision) Act 1993
PART 6
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PROVISIONS RELATING TO GOVERNING RULES OF SUPERANNUATION ENTITIES
SECTION 54C
OTHER COVENANTS MUST NOT BE CONTRAVENED
54C(1)
A person must not contravene any other covenant contained, or taken to be contained, in the governing rules of a superannuation entity.
54C(2)
A contravention of subsection (1) is not an offence.
54C(3)
A contravention of subsection (1) does not result in the invalidity of a transaction.
54C(4)
This section does not limit the operation of section 55 .
A person must not contravene any other covenant contained, or taken to be contained, in the governing rules of a superannuation entity.
54C(2)
A contravention of subsection (1) is not an offence.
54C(3)
A contravention of subsection (1) does not result in the invalidity of a transaction.
54C(4)
This section does not limit the operation of section 55 .
Note:
A contravention of subsection (1) may result in an action to recover loss or damage under section 55 .
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