Commonwealth Numbered Acts

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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 33

Operating standards for pooled superannuation trusts
33.(1) The regulations may prescribe standards applicable to the operation
of pooled superannuation trusts ("trusts").

(2) The standards that may be prescribed include, but are not limited to,
standards relating to the following matters:

   (a)  the ownership and disposal of units in trusts;

   (b)  the investment of assets of trusts;

   (c)  the persons who may be trustees of trusts;

   (d)  the number of trustees, and the composition of boards or committees of
        trustees, of trusts;

   (e)  the keeping and retention of records in relation to trusts;

   (f)  the financial and actuarial reports to be prepared in relation to
        trusts;

   (g)  the disclosure of information to unit-holders in trusts;

   (h)  the disclosure of information about trusts to the Commissioner;

   (i)  the disclosure of information about trusts to persons other than
        unit-holders or the Commissioner;

   (j)  the financial position of trusts;

   (k)  the funding and solvency of trusts. 


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