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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 54C

Other covenants must not be contravened

  (1)   A person must not contravene any other covenant contained, or taken to be contained, in the governing rules of a superannuation entity.

  (2)   A contravention of subsection   (1) is not an offence.

  (3)   A contravention of subsection   (1) does not result in the invalidity of a transaction.

  (4)   This section does not limit the operation of section   55.

Note:   A contravention of subsection   (1) may result in an action to recover loss or damage under section   55.


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