Commonwealth Consolidated Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 90

Application

  (1)   This section applies to a standard employer - sponsored fund (other than a public offer superannuation fund) with fewer than 200 members, where:

  (a)   the fund is a private sector fund established on or after 16   December 1985; or

  (b)   the fund is a public sector fund established on or after 25   May 1988; or

  (c)   if there are 2 or more standard employer - sponsors of the fund--any one of those employer - sponsors is not an associate of any other of those employer - sponsors.

Pre - 1   July 1995

  (2)   This section does not apply on or after 1   July 1995.

Rules

  (3)   The fund must comply with:

  (a)   the basic equal representation rules; or

  (b)   the alternative agreed representation rule set out in subsection   (4).

Alternative agreed representation rule

  (4)   For the purposes of this section, a fund complies with the alternative agreed representation rule if any of the trustees of the fund are appointed following nomination by agreement between:

  (a)   either:

  (i)   the members of the fund; or

  (ii)   a trade union, or other organisation, representing the interests of those members; and

  (b)   either:

  (i)   the employer or employers of those members; or

  (ii)   an organisation representing the interests of that employer or those employers.