New South Wales Consolidated Acts

SUPERANNUATION ADMINISTRATION CORPORATION (PILLAR) (AUTHORISED TRANSACTION) ACT 2016 - SECT 23

23 Adjustment of Pillar objectives and functions

(1) The Treasurer may by direction in writing to Pillar adjust the objectives and functions of Pillar in such manner as the Treasurer considers appropriate to ensure that the objectives and functions of Pillar remain appropriate, having regard to:

(a) the capacity of Pillar to give effect to or exercise its existing objectives and functions following the transfer of any of its assets, rights and liabilities for the purposes of the authorised transaction, and

(b) the objectives and functions that would be appropriate for any remaining assets, rights and liabilities of Pillar.

(2) The objectives and functions of Pillar may be adjusted under this section by being limited or dispensed with but not by being broadened.