Superannuation Legislation Amendment (Trustee Board and Other Measures) (Consequential Amendments) Act 2008 (26 of 2008)

Schedule 1   Main amendments

Australian Prudential Regulation Authority Act 1998

34   At the end of section 25

Add:

(5) In spite of anything contained in this section, if an APRA member:

(a) is an ordinary employer-sponsored member of PSSAP, within the meaning of the Superannuation Act 2005; and

(b) is under 60 years of age;

then he or she is not capable of being retired from office on the ground of invalidity (within the meaning of that Act) unless the Board (within the meaning of that Act) has given an approval and certificate under section 43 of that Act.