Document ID: chunk:federal_register_of_legislation:C2004A01287:clause:1_29ha
Version: federal_register_of_legislation:C2004A01287
Segment Type: clause
Provision Reference: sch 1 cl 29HA
Character Range: 56461–57791

29HA  Requirement to maintain and review risk management strategies

 (1) An RSE licensee must:
 (a) ensure that at all times its risk management strategy is up to date; and
 (b) ensure that its risk management strategy is reviewed at least once each year to ensure that it complies with section 29H; and
 (c) modify, or replace, its risk management strategy in accordance with section 29HB if at any time the RSE licensee becomes aware that the risk management strategy no longer complies with section 29H.

 (2) An RSE licensee must review its risk management strategy within 60 days after the RSE licensee:
 (a) becomes the RSE licensee of a registrable superannuation entity (other than a registrable superannuation entity of which, at the time of the application for an RSE licence, the RSE licensee proposed to become the RSE licensee); or
 (b) becomes an acting trustee appointed under Part 17 of a superannuation entity following the suspension or removal of a former trustee of the entity under that Part.
However, this subsection does not apply if review of the RSE licensee's risk management strategy is due under paragraph (1)(b) within the 60 days after the RSE licensee becomes an RSE licensee, or trustee, of the entity.

Note: Only a person may be appointed as an acting trustee under Part 17: see section 134.