Document ID: chunk:federal_register_of_legislation:C2019C00093:clause:1_29u:p2
Version: federal_register_of_legislation:C2019C00093
Segment Type: clause
Provision Reference: sch 1 cl 29U (pt 2/2)
Character Range: 25892–26720

period; or
 (ii) in any case—the fund has ceased to have 5 or more members; or
 (h) paragraph 29T(1)(e) is no longer satisfied in relation to the fund (no longer an eligible rollover fund); or
 (i) APRA is satisfied that:
 (i) where the RSE licensee is a body corporate—the RSE licensee; or
 (ii) where the RSE licensee is made up of a group of individual trustees—one of those individual trustees;
  has contravened a provision of the governing rules of the fund relating to the MySuper product.
 (3) If APRA cancels an authority to offer a class of beneficial interest in a regulated superannuation fund as a MySuper product it must take all reasonable steps to ensure that the RSE licensee is given a notice informing the RSE licensee:
 (a) that APRA has cancelled the authority; and
 (b) of the reasons for the cancellation.