Document ID: chunk:federal_register_of_legislation:C2012A00117:clause:1_52a:p2
Version: federal_register_of_legislation:C2012A00117
Segment Type: clause
Provision Reference: sch 1 cl 52A (pt 2/2)
Character Range: 20873–21756

has under:
 (a) Part 2D.1 of the Corporations Act 2001; or
 (b) Division 4 of Part 3 of the Commonwealth Authorities and Companies Act 1997.

Director not prevented from engaging or authorising persons to act on behalf of the trustee
 (4) A covenant referred to in paragraph (2)(e) does not prevent the director from engaging or authorising persons to do acts or things on behalf of the trustee.

Using reasonable care and diligence to ensure compliance by corporate trustee
 (5) The reference in paragraph (2)(f) to a reasonable degree of care and diligence is a reference to the degree of care and diligence that a superannuation entity director would exercise in the circumstances of the corporate trustee.

Covenants operate as if director party to the governing rules
 (6) A covenant referred to in subsection (2) operates as if the director were a party to the governing rules.