Document ID: chunk:federal_register_of_legislation:C2019A00040:clause:5_131d:p2
Version: federal_register_of_legislation:C2019A00040
Segment Type: clause
Provision Reference: sch 5 cl 131D (pt 2/3)
Character Range: 38362–40974

the whole or a part of a condition or direction referred to in paragraph (1)(c);
 (c) if the RSE licensee is a body corporate, to do one or more of the following:
 (i) to remove a responsible officer of the RSE licensee from office;
 (ii) to ensure that a responsible officer of the RSE licensee does not take part in the management or conduct of the business of the RSE licensee, or the business of a registrable superannuation entity of the RSE licensee, except as permitted by APRA;
 (iii) to appoint a person as a responsible officer of the RSE licensee for such term as APRA directs;
 (d) to order an audit of:
 (i) the affairs of the RSE licensee; or
 (ii) the affairs of a registrable superannuation entity of the RSE licensee;
  at the expense of the RSE licensee, by an auditor chosen by APRA;
 (e) to remove an auditor of the RSE licensee, or of a registrable superannuation entity of the RSE licensee, from office and appoint another auditor to hold office for such term as APRA directs;
 (f) to order an actuarial investigation of the affairs of a registrable superannuation entity of the RSE licensee, at the expense of the RSE licensee and by an actuary chosen by APRA;
 (g) to remove an actuary of a registrable superannuation entity of the RSE licensee from office and appoint another actuary to hold office for such term as APRA directs;
 (h) not to accept, or to cease to accept (permanently or temporarily), contributions to a registrable superannuation entity of the RSE licensee;
 (i) not to borrow any amount;
 (j) not to pay or transfer any amount or asset to any person, or create an obligation (contingent or otherwise) to do so;
 (k) not to undertake any financial obligation (contingent or otherwise) on behalf of any other person;
 (l) not to discharge any liability of:
 (i) the RSE licensee; or
 (ii) a registrable superannuation entity of the RSE licensee;
 (m) to make changes to the RSE licensee's systems, business practices or operations (including the RSE licensee's systems business practices or operations in relation to a registrable superannuation entity of the RSE licensee);
 (n) to do, or refrain from doing, anything else in relation to the affairs of:
 (i) the RSE licensee; or
 (ii) a registrable superannuation entity of the RSE licensee.
 (3) A direction under paragraph (2)(j) not to pay or transfer any amount or asset does not apply to the payment or transfer of money pursuant to an order of a court or a process of execution.
 (4) Without limiting the generality of subsection (2), a direction referred to in a paragraph of that subsection may:
 (a) deal with