Superannuation Industry (Supervision) Act 1993

PART 23 - FINANCIAL ASSISTANCE TO CERTAIN FUNDS  

Division 2 - Determination of applications for financial assistance  

SECTION 232  

232   MAXIMUM AMOUNT OF FINANCIAL ASSISTANCE  

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The amount of financial assistance to be granted to a trustee of a fund in respect of the fund must not be greater than the amount that the Minister determines to be the eligible loss suffered by the fund.

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History

S 232 amended by No 53 of 2004, s 3 and Sch 2 item 220, by substituting ``a trustee of a fund'' for ``the trustee'', effective 1 July 2004.

S 232 amended by No 24 of 2000, s 3 and Sch 9 item 14, by substituting ``eligible loss'' for ``loss'', applicable only in relation to losses incurred by a fund on or after 3 April 2000.

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