Superannuation Industry (Supervision) Act 1993
Subject to subsection (2), the governing rules of a public offer entity must not permit the trustee to be removed by a person other than APRA.
Note:
Part 17 provides for the removal of trustees by APRA.
View history note
Hide history noteSubsection (1) does not apply to a removal of a kind specified in regulations made for the purposes of this subsection.
60A(3) [Inconsistent rules invalid]If the governing rules of the public offer entity are inconsistent with subsection (1), that subsection prevails, and the governing rules are, to the extent of the inconsistency, invalid.
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