Document ID: chunk:federal_register_of_legislation:C2025C00134:section:68c
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 68C
Character Range: 493254–494622

68C  Voting by a director of a corporate trustee—governing rules
 (1) This section applies to a regulated superannuation fund, other than a self managed superannuation fund, of which the trustee is a body corporate.
 (2) A provision in the governing rules of the fund is void to the extent that it purports to preclude a director of the trustee from voting on a matter relating to the fund.

Exception
 (3) Subsection (2) does not apply to a provision in the governing rules of the fund to the extent that the provision:
 (a) precludes a director of the trustee of the fund from voting on a matter in which the director has a material personal interest; or
 (b) otherwise relates to voting by a director of the trustee of the fund on a matter in which the director has a material personal interest; or
 (c) precludes a director of the trustee of the fund from voting where there is a conflict of a kind described in paragraph 52(2)(d) or 52A(2)(d); or
 (d) otherwise relates to voting by a director of the trustee of the fund where there is a conflict of a kind described in paragraph 52(2)(d) or 52A(2)(d); or
 (e) precludes a director of the trustee of the fund from exercising a casting vote; or
 (f) ensures compliance by the trustee of the fund, or a director of the trustee of the fund, with a prudential standard that deals with conflicts of interest or duty.