Commonwealth Numbered Regulations

1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 9.24

9.24. (1) If, as an alternative to commencing winding-up proceedings, the
responsible actuary of a defined benefit fund recommends in writing to the
trustee of the fund a specified course of action, the trustee, if he or she
wishes to accept the actuary's recommendations, must, within 21 days after
receiving the recommendations, forward a copy of the recommendations to the
Commissioner, together with a request that the Commissioner approve the
recommendations.

(2) If the Commissioner approves the actuary's recommendations, and notifies
the trustee in writing of the approval, the trustee must follow the specified
course of action as recommended.