Document ID: chunk:federal_register_of_legislation:C2025C00134:section:68d
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 68D
Character Range: 494622–495977

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.

Part 8—In‑house asset rules applying to regulated superannuation funds

Division 1—Object and interpretation

Subdivision A—General