Superannuation Industry (Supervision) Act 1993

PART 25 - MONITORING AND INVESTIGATION  

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History

Pt 25 heading substituted by No 158 of 2012, s 3 and Sch 2 item 41, effective 31 January 2013. For application provisions see note under Pt 16 Div 1A heading. The heading formerly read:

PART 25 - MONITORING AND INVESTIGATING SUPERANNUATION ENTITIES

Division 9 - Miscellaneous  

SECTION 298  

298   REGULATOR MAY CAUSE CIVIL PROCEEDING TO BE BEGUN  
If, as a result of an investigation or from a record of an examination (being an investigation or examination conducted under this Part), it appears to the Regulator to be in the public interest for a person to begin and carry on a proceeding for:

(a) the recovery of damages for fraud, negligence, default, breach of duty, or other misconduct, committed in connection with a matter to which the investigation or examination related; or

(b) recovery of property of the person;

the Regulator:

(c) if the person is a body corporate - may cause; or

(d) otherwise - may, with the person's written consent, cause:

such a proceeding to be begun and carried on in the person's name.

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History

S 298 amended by No 54 of 1998.

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