Document ID: chunk:federal_register_of_legislation:C2004A01287:clause:1_29p
Version: federal_register_of_legislation:C2004A01287
Segment Type: clause
Provision Reference: sch 1 cl 29P
Character Range: 78028–79717

29P  Contents of risk management plans

 (1) The risk management plan for a registrable superannuation entity must set out reasonable measures and procedures that the RSE licensee of the entity is to apply to identify, monitor and manage the risks that arise in operating the entity.

 (2) Without limiting subsection (1), the risk management plan for a registrable superannuation entity must set out:
 (a) reasonable measures and procedures that the RSE licensee of the entity is to apply to identify, monitor and manage:
 (i) the risks to the investment strategy relevant to the entity; and
 (ii) the risks to the entity's financial position; and
 (iii) the risks from entering into outsourcing arrangements relating to the entity; and
 (b) the circumstances in which an audit of the risks referred to in this section is to be undertaken; and
 (c) such other matters as are prescribed by regulations made for the purposes of this paragraph.

 (3) The risk management plan must be signed by the RSE licensee of the entity.

Note: If the RSE licensee is a group of individual trustees, the plan must be signed by each of the individual trustees: see subsection 13A(6).

 (4) The risk management plan must not by reference incorporate provisions of any other document unless that other document is available, without charge, to members of the public.

 (5) A risk management plan does not fail to comply with the above section merely because it reproduces information contained in the risk management strategy of the RSE licensee of the entity or in a risk management plan for another entity that has the same RSE licensee.

Subdivision B—Maintaining and reviewing risk management plans