Superannuation Industry (Supervision) Act 1993

SECTION 150 OBJECT OF PART  
150(1)
The object of this Part is to ensure that beneficiaries and standard employer-sponsors of public offer entities, and prospective beneficiaries and standard employer-sponsors of public offer entities, are treated fairly and honestly and are adequately informed.

150(2)
To that end, this Part contains:

(a) requirements imposed on trustees of public offer entities in connection with dealing with superannuation interests, including, in particular, requirements about issuing or offering superannuation interests (Division 2 ); and

(b) requirements imposed on trustees of public offer entities in relation to the disclosure of information about such entities (Divisions 3 and 4); and

(c) requirements imposed on trustees of public offer entities in relation to money received in respect of applications for the issue of superannuation interests (Division 5 ); and

(d) provision for a cooling-off period during which superannuation interests issued to a person may be redeemed at the request of the person (Division 6 ).