Document ID: chunk:federal_register_of_legislation:C2019C00214:clause:3_33
Version: federal_register_of_legislation:C2019C00214
Segment Type: clause
Provision Reference: sch 3 cl 33
Character Range: 56958–57607

33  Item 43 of Schedule 2 (new subsection 620(1A))
Repeal the subsection, substitute:

Constitution of an Expert Panel for 4 yearly reviews of default fund terms etc.
 (1A) An Expert Panel constituted under this section for a purpose referred to in subsection 617(4) or (5) consists of 7 FWC Members (except as provided by section 622), and must include:
 (a) the President, or a Vice President or Deputy President appointed by the President to be the Chair of the Panel; and
 (b) 3 Expert Panel Members who have knowledge of, or experience in, one or more of the following fields:
 (i) finance;
 (ii) investment management;
 (iii) superannuation.