Superannuation Safety Amendment Act 2004 (53 of 2004)

Schedule 3   Actuaries, auditors and defined benefit funds

Part 1   Actuaries and auditors

Superannuation Industry (Supervision) Act 1993

6   Subsection 129(3)

Repeal the subsection, substitute:

Trustee and Regulator to be told about the matter

(3) Subject to subsection (3A), the person must, as soon as practicable after forming the opinion mentioned in paragraph (1)(a):

(a) tell a trustee of the entity about the matter in writing; and

(b) if the contravention about which the person has formed the opinion mentioned in paragraph (1)(a) is of such a nature that it may affect the interests of members or beneficiaries of the entity - tell the Regulator about the matter in writing.