Commonwealth Numbered Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 29

29.(1) An approved trustee must, as soon as practicable, and in any event
within 30 days, after becoming aware of an event referred to in subsection
(2), give the Commissioner a written notice setting out particulars of the
event.

(2) These are the events:

   (a)  a contravention of a condition to which the approval of the trustee is
        subject;

   (b)  if subparagraph 26(1)(b)(i) applied to the approval of the
        trustee-that subparagraph ceasing to apply to the trustee;

   (c)  if subparagraph 26(1)(b)(ii) applied to the approval of the
        trustee-that subparagraph ceasing to apply to the trustee;

   (d)  if subparagraph 26(1)(b)(iii) applied to the approval of the
        trustee-the trustee failing to comply with a requirement of the
        Commissioner under that subparagraph.

(3) An approved trustee must not, without reasonable excuse, contravene
subsection (1). Penalty: 250 penalty units.