Document ID: chunk:federal_register_of_legislation:F2023L00990:clause:1_7
Version: federal_register_of_legislation:F2023L00990
Segment Type: clause
Provision Reference: sch 1 cl 7
Character Range: 55221–56667

7  After regulation 7.9.31
Insert:

7.9.31A  Trustee of superannuation entity must provide fund information to holders of interests in the entity
  For the purposes of paragraph 1017DA(1)(a) of the Act, the trustee of a superannuation entity must provide the holder of a superannuation product (being an interest in that entity) with the following fund information relating to the entity and any relevant sub‑plan (within the meaning of section 1017C of the Act):
 (a) if the entity is not a self managed superannuation fund—the name and ABN of each outsourced service provider that has provided, at any time in the previous 12 months, a service which may affect a material business activity of the entity;
 (b) if the entity is not a self managed superannuation fund—the following information about each member of the key management personnel of the entity:
 (i) the member's name;
 (ii) the member's qualifications;
 (iii) a summary of the member's experience as a trustee or board member, including the periods during which the member served as a trustee or board member;
 (c) if the entity is not a self managed superannuation fund—the record of attendance at board meetings for each director of the entity for:
 (i) the last 7 financial years; or
 (ii) if a director has served for a period of less than 7 years—that period;
 (d) the fund information specified in Subdivisions 5.6 and 5.7 of this Division that is applicable to the entity.