Document ID: chunk:federal_register_of_legislation:C2025C00134:front:0:p8
Version: federal_register_of_legislation:C2025C00134
Segment Type: other
Provision Reference: 
Character Range: 19889–22594

keep reports
106 Duty to notify the Regulator of significant adverse events
106A Duty to notify Commissioner of Taxation of change in status of entity
107 Duty of trustee of employer‑sponsored fund to establish procedure for appointing member representatives
108 Duty of trustee of employer‑sponsored fund to establish procedure for appointing independent trustee or independent member of board of directors of corporate trustee
108A Trustee's duty to identify etc. multiple superannuation accounts of members
109 Investments of superannuation entity to be made and maintained on arm's length basis
Part 14—Other provisions applying to superannuation entities
114 Object of Part
115 Trustee of superannuation entity may maintain reserves
116 Agreement between trustee and investment manager
117 Circumstances in which amounts may be paid out of an employer‑sponsored fund to an employer‑sponsor
118 Consents to appointments
Part 15—Standards for trustees, custodians and investment managers of superannuation entities
Division 1—Object of Part and definition of disqualified person
119 Object of Part
120 Disqualified persons
Division 2—Requirements for custodians and investment managers
122 Investment manager must not appoint or engage custodian without the trustee's consent
123 Persons who may be appointed to be custodians of superannuation entities
124 Investment managers must be appointed in writing
125 Individuals not to be investment managers of superannuation entities
Division 3—Disqualified persons
Subdivision A—Disqualification by the Commissioner of Taxation
126 Application of this Subdivision
126A The Regulator may disqualify individuals
126B Application for waiver of disqualified status
126C Application must be decided within a period of time
126D Notifying of the outcome of an application
126E The effect of seeking a waiver of disqualified person status
126F The Regulator's powers to seek further material
Subdivision B—Disqualification by the Federal Court of Australia
126G Application of this Subdivision
126H Court power of disqualification
126J Court power to revoke or vary a disqualification etc.
Subdivision C—Other matters relating to disqualification
126K Disqualified persons not to be trustees, investment managers or custodians of superannuation entities
126L Privilege against exposure to penalty—disqualification under section 126A, 126H, 130D or 130EA
Division 4—Non‑compliance not to invalidate appointment or transaction
127 Non‑compliance not to invalidate appointment or transaction

An Act to make provision for the supervision of certain entities engaged in the superannuation industry, and for related purposes

Part 1—Preliminary

Division 1—Preliminary