Document ID: chunk:federal_register_of_legislation:C2018C00098:section:15
Version: federal_register_of_legislation:C2018C00098
Segment Type: section
Provision Reference: s 15
Character Range: 13723–15219

15  An ASTA body is not to be an eligible or relevant body for the purposes of the Superannuation Benefits (Supervisory Mechanisms) Act 1990

Eligible body notice
 (1) A notice published in the Gazette before an ASTA body's sale day that declares the body to be an eligible body for the purposes of the Superannuation Benefits (Supervisory Mechanisms) Act 1990 has effect, on and after the body's sale day, as if the notice did not contain a reference to the body.

Relevant body notice
 (2) A notice published in the Gazette before an ASTA body's sale day that declares the body to be a relevant body for the purposes of the Superannuation Benefits (Supervisory Mechanisms) Act 1990 has effect, on and after the body's sale day, as if the notice did not contain a reference to the body.

Application to subsidiaries
 (3) This section does not apply to an ASTA subsidiary unless the subsidiary ceased to be a Commonwealth authority on the subsidiary's sale day.

Amendment or revocation of notice
 (4) Subsections (1) and (2) do not prevent a declaration affected by either of those subsections from being amended or revoked by the Minister.

Definitions
 (5) In this section:
Commonwealth authority means a company covered by paragraph (a), (b) or (c) of the definition of relevant body in subsection 3(1) of the Superannuation Benefits (Supervisory Mechanisms) Act 1990.
Minister has the same meaning as in the Superannuation Benefits (Supervisory Mechanisms) Act 1990.

Part 3—Prosecutions