Superannuation Industry (Supervision) Regulations 1994
For the purposes of paragraph 17A(8)(b) of the Act, a class of persons is a specified class if it comprises persons each of whom is, in relation to a member of a superannuation fund, an exempt person mentioned in subregulation (2).
View history note
Hide history noteA person is an exempt person in relation to a member of a superannuation fund if:
(a) the person is an employer-sponsor of the fund; and
(b) the member is a director of the employer-sponsor. 1.04AA(3) [Further criteria for ``specified class of person'']
For the purposes of paragraph 17A(8)(b) of the Act, a class of persons is a specified class if it comprises persons each of whom is a member of a superannuation fund in relation to which the following circumstances exist:
(a) the person is the employer, but not a relative, of a member of the fund (the employee );
(b) another member is the employer, and a relative, of that employee.
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