Document ID: chunk:federal_register_of_legislation:C2019A00040:clause:2_2
Version: federal_register_of_legislation:C2019A00040
Segment Type: clause
Provision Reference: sch 2 cl 2
Character Range: 12227–13682

2  Paragraphs 29U(2)(c), (ca), (d) and (e)
Repeal the paragraphs, substitute:
 (c) APRA has reason to believe that:
 (i) where the RSE licensee is a body corporate—the RSE licensee; or
 (ii) where the RSE licensee is made up of a group of individual trustees—any of those individual trustees;
  may not comply with the enhanced trustee obligations for MySuper products (whether because of a previous failure to do so, or for any other reason); or
 (ca) where the RSE licensee is a body corporate—APRA has reason to believe that the directors of the RSE licensee may not comply with the enhanced director obligations for MySuper products (whether because of a previous failure to do so, or for any other reason); or
 (d) APRA has reason to believe that:
 (i) where the RSE licensee is a body corporate—the RSE licensee; or
 (ii) where the RSE licensee is made up of a group of individual trustees—any of those individual trustees;
  may not comply with the general fees rules and the fees rules in relation to MySuper products (whether because of a previous failure to do so, or for any other reason); or
 (e) APRA has reason to believe that:
 (i)  where the RSE licensee is a body corporate—the RSE licensee; or
 (ii) where the RSE licensee is made up of a group of individual trustees—any of those individual trustees;
  may contravene section 29W, 29WA or 29WB (whether because of a previous contravention of that section, or for any other reason); or