Document ID: chunk:federal_register_of_legislation:F2016C00648:reg:6:p3
Version: federal_register_of_legislation:F2016C00648
Segment Type: reg
Provision Reference: reg 6 (pt 3/3)
Character Range: 7556–9389

(3)(b) may be a period that partly or wholly occurs before the commencement of this section.
              Note: The responsible entity must act in the best interests of the members in exercising the power in subsections (1) and (5) to modify, or repeal and replace the constitution: see paragraph 601FC(1)(c).

             601GCB Notice of modification etc. of constitution for AMIT implementation

           (1) This section applies if a responsible entity modifies or repeals and replaces the constitution of a registered scheme in accordance with section 601GCA.

           (2) The responsible entity must give each member of the scheme a notice in writing that sets out a summary of the reasons for, and the effect of, the modification or how the effect of the replacement constitution is different from that of the constitution before its repeal (as relevant).

           (3) The notice must be:
              (a) given no later than the date of the giving of the first communication by the responsible entity to all members of the scheme after the date when the modification is made, or the repeal and replacement occurs; and
              (b) worded and presented in a clear, concise and effective manner.".

Endnotes

Endnote 1—Instrument history

Instrument number  Date of FRL registration     Date of commencement  Application, saving or transitional provisions
2016/489           21/6/2016 (see F2016L01050)  22/6/2016
2016/514           23/6/2016 (see F2016L01064)  24/6/2016             -

Endnote 2—Amendment history
ad. = added or inserted     am. = amended     LA = Legislation Act 2003    rep. = repealed
rs. = repealed and substituted
Provision affected                           How affected
Section 2                                    rep. s48D LA
Section 6 (notional paragraph 601GCA(3)(b))  am. 2016/514