Document ID: chunk:federal_register_of_legislation:C2025C00134:section:55:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 55 (pt 2/2)
Character Range: 395524–396072

damage.
 (6) It is a defence to an action for loss or damage suffered by a person as a result of the management of any reserves by a trustee of a superannuation entity if the defendant establishes that the defendant has complied with all of the covenants referred to in sections 52 to 53 and prescribed under section 54A that apply to the defendant in relation to each act, or failure to act, that resulted in the loss or damage.
 (7) Subsections (5) and (6) apply to an action for loss or damage, whether brought under subsection (3) or otherwise.