Commonwealth Numbered Regulations

1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 12.17

12.17. (1) If the trustee of a superannuation fund is dissatisfied with a
decision made by the Commissioner under regulation 12.12, 12.13 or 12.14, the
trustee may give notice in writing to the Commissioner within:

   (a)  the period of 21 days after the day on which the trustee first
        receives notice of the decision; or

   (b)  such further period as the Commissioner reasonably allows; requesting
        the Commissioner to reconsider the decision.

(2) The trustee must set out in the notice the reasons for the request.

(3) Subject to subregulation (4), the Commissioner must reconsider the
decision and may:

   (a)  confirm the decision; or

   (b)  vary or revoke the decision.

(4) If the Commissioner does not confirm, vary or revoke the decision before
the end of the period of 21 days after the day on which the Commissioner
received the request, the Commissioner is taken to have confirmed the decision
under subregulation (3) at the end of that period.

(5) If the Commissioner varies or revokes a decision, the Commissioner must
give the Commissioner of Taxation written notice of the variation or
revocation.