Financial Sector Legislation Amendment (Review of Prudential Decisions) Act 2008 (25 of 2008)

Schedule 1   Court power of disqualification etc.

Part 1   Amendments commencing on Royal Assent

Superannuation Industry (Supervision) Act 1993

68   Paragraph 133(1)(a)

Repeal the paragraph, substitute:

(a) either:

(i) for a trustee who is an individual and who is a disqualified person only because he or she was disqualified under section 126H - the individual is disqualified from being or acting as a trustee of that superannuation entity; and

(ii) otherwise - the trustee is a disqualified person within the meaning of Part 15; or