Commonwealth Consolidated Acts

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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 131FA

RSE licensee and connected entity have power to comply with a direction under this Act

  (1)   An RSE licensee has power to comply with a direction given to the RSE licensee under this Act despite anything in its constitution or any contract or arrangement to which it is a party.

  (2)   If the direction requires the RSE licensee to cause a connected entity to do, or not to do, something:

  (a)   the RSE licensee has power to cause the connected entity to do, or to not to do, the thing; and

  (b)   the connected entity has power to do, or not to do, the thing;

despite anything in the connected entity's constitution or any contract or arrangement to which the connected entity is a party.

  (3)   A connected entity of an RSE licensee has power to comply with a direction given to the connected entity under this Act despite anything in its constitution or any contract or arrangement to which it is a party.


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