Document ID: chunk:federal_register_of_legislation:C2004A01287:clause:1_29pb
Version: federal_register_of_legislation:C2004A01287
Segment Type: clause
Provision Reference: sch 1 cl 29PB
Character Range: 81165–82174

29PB  Modifications etc. to risk management plans

 (1) An RSE licensee of a registrable superannuation entity that has been registered under this Part may:
 (a) modify the risk management plan for the entity; or
 (b) repeal the risk management plan for the entity and replace it with a new risk management plan.

 (2) However, after the modification or the repeal and replacement, the risk management plan must comply with section 29P.

 (3) APRA may direct an RSE licensee of a registrable superannuation entity that has been registered under this Part to modify the risk management plan for the entity, as set out in the direction, by a specified time, to ensure that the plan complies with section 29P. The direction is to be given by notice to the RSE licensee.

Note: A failure to comply with a direction may be an offence: see section 29Q.

 (4) A time specified in a direction given to an RSE licensee under subsection (3) must be at least 14 days after the direction is given to the RSE licensee.