Document ID: chunk:federal_register_of_legislation:F2025C00069:reg:3:p50
Version: federal_register_of_legislation:F2025C00069
Segment Type: reg
Provision Reference: reg 3 (pt 50/52)
Character Range: 192758–195395

wholly or in part by means of a telephone conference connection among the committee members and, if a representative of the trustee is to attend, the representative.
 (3) The trustee must arrange for a representative of the trustee to attend each meeting of the committee that the committee requests the trustee to do so.
 (4) The trustee may recoup from the fund:
 (a) the costs of providing facilities for the committee to meet; and
 (b) the costs incurred by the trustee in attending a meeting of the committee; and
 (c) the costs incurred by the trustee in providing information to the committee.
Note: The amount of costs recouped is determined in accordance with regulation 5.02

3.09  Dissolution of policy committees
 (1) A policy committee of a public offer superannuation fund may dissolve itself, and if it does so the trustee of the fund is taken to have complied with the trustee's duties under regulation 3.05.
 (2) If a policy committee dissolves itself and at least 5 members of the fund, being members in respect of whom the committee functioned, request the trustee of the fund in writing to form a replacement committee, the trustee must take all reasonable steps to do so.
 (3) The provisions of regulations 3.06, 3.07 and 3.08, and this regulation, apply to a replacement committee.

3.10  Commission and brokerage
 (1) For the purposes of subsection 154(1) of the Act, the requirements set out in this regulation apply in relation to a payment by the trustee of a public offer entity of commission or brokerage (including commission or brokerage in the form of remuneration or other benefits) of a kind mentioned in that subsection.
 (2) The trustee of a public offer entity may make a payment of commission or brokerage to a person in consideration of the person:
 (a) applying or agreeing to apply for the issue of an interest in the entity; or
 (b) procuring or agreeing to procure applications for the issue of an interest in the entity;
if, and only if:
 (c) the payment is not prohibited by the entity's trust deed; and
 (d) where an interest is issued, the applicant for the issue of the interest has, before the issue occurred, been notified in writing of the amount or rate of the proposed payment of commission or brokerage.
 (3) The trustee of a public offer entity must not make a payment of commission or brokerage to a person (the provider) for the provision of a financial service by the provider in respect of issuing an interest in the entity unless the provider is:
 (a) a financial services licensee that is authorised to deal in superannuation products; or
 (b) an authorised representative of a