Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Subject to subsection (2), the governing rules of a public offer entity must not permit the trustee to be removed by a person other than APRA.
Note: Part 17 provides for the removal of trustees by APRA.
(2) Subsection (1) does not apply to a removal of a kind specified in regulations made for the purposes of this subsection.
(3) If the governing rules of the public offer entity are inconsistent with subsection (1), that subsection prevails, and the governing rules are, to the extent of the inconsistency, invalid.