Superannuation Industry (Supervision) Regulations 1994
A policy committee of a public offer superannuation fund may dissolve itself, and if it does so the trustee of the fund is taken to have complied with the trustee's duties under regulation 3.05 .
3.09(2) [Replacement committee]If a policy committee dissolves itself and at least 5 members of the fund, being members in respect of whom the committee functioned, request the trustee of the fund in writing to form a replacement committee, the trustee must take all reasonable steps to do so.
3.09(3) [Application of regulations]The provisions of regulations 3.06 , 3.07 and 3.08 , and this regulation, apply to a replacement committee.
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