Commonwealth Consolidated Acts

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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 257

Investigation of financial position of superannuation entity

  (1)   APRA may, by written notice given to a trustee of a superannuation entity, require the trustee, or the trustees, of the entity to appoint an individual, or a committee of individuals, to:

  (a)   carry out an investigation of the whole or a specified part of the financial position of the entity as at a specified time or in relation to a specified period; and

  (b)   make a report on that investigation.

  (2)   Each trustee of the entity must ensure that a copy of the notice is given to the individual or to each member of the committee (whichever is relevant) within 3 days of the appointment of the individual or member.


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