Document ID: chunk:federal_register_of_legislation:C2015C00050:clause:1_68d
Version: federal_register_of_legislation:C2015C00050
Segment Type: clause
Provision Reference: sch 1 cl 68D
Character Range: 61255–62477

68D  Voting by an individual trustee—governing rules
 (1) This section applies to a regulated superannuation fund, other than a self managed superannuation fund, of which the trustee, or each of the trustees, is an individual.
 (2) A provision in the governing rules in the fund is void to the extent that it purports to preclude a trustee of the fund 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 trustee of the fund from voting on a matter in which the trustee has a material personal interest; or
 (b) otherwise relates to voting by a trustee of the fund on a matter in which the trustee has a material personal interest; or
 (c) precludes a trustee of the fund from voting where there is a conflict of a kind described in paragraph 52(2)(d); or
 (d) otherwise relates to voting by a trustee of the fund where there is a conflict of a kind described in paragraph 52(2)(d); or
 (e) precludes a trustee of the fund from exercising a casting vote; or
 (f) ensures compliance by a trustee of the fund with a prudential standard that deals with conflicts of interest or duty.