Superannuation Industry (Supervision) Act 1993

PART 30 - MISCELLANEOUS  

SECTION 337A  

337A   TRUSTEE MAY GIVE EFFECT TO AWARD MADE UNDER ARBITRATION AGREEMENT  

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If:

(a)    

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the former Superannuation Complaints Tribunal made an award in an arbitration conducted under an arbitration agreement entered into under the former Part 7A of the Superannuation (Resolution of Complaints) Act 1993 ; and

(b)    the award is still in force;

nothing in this Act or any other law of the Commonwealth, in any law of a State or Territory (whether written or unwritten) or in the governing rules of a fund, scheme or trust prevents a trustee of a fund, scheme or trust from giving effect to the award.

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History

S 337A amended by No 13 of 2018 (as amended by No 35 of 2022), s 3 and Sch 3 item 29, by inserting " former " in para (a), effective 5 March 2022. For application, saving and transitional provisions, see note under s 101(1) .

S 337A substituted by No 116 of 2003, s 3 and Sch 6 item 1, effective 28 November 2003. S 337A formerly read:

SECTION 337A TRUSTEE MAY ENTER INTO ARBITRATION AGREEMENT  
337A
Nothing in this Act or any other law of the Commonwealth, in any law of a State or Territory (whether written or unwritten), or in the governing rules of a fund, scheme or trust prevents a trustee of a fund, scheme or trust from:

(a) entering into an arbitration agreement under Part 7A of the Superannuation (Resolution of Complaints) Act 1993 ; or

(b) giving effect to an award made by the Superannuation Complaints Tribunal under that Part of that Act in an arbitration conducted under an agreement so entered into.

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History

S 337A inserted by No 118 of 1998.

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