Document ID: chunk:federal_register_of_legislation:C2016A00022:clause:1_28
Version: federal_register_of_legislation:C2016A00022
Segment Type: clause
Provision Reference: sch 1 cl 28
Character Range: 4896–5641

28  At the end of subsection 963B(1)
Add:
Note: Under the governing rules of some regulated superannuation funds, a member may seek advice on the basis that the trustee of the fund will pay the licensee or representative for the advice and then recover the amount paid from the assets of the fund attributed to that member. In that case, the member has caused or authorised the amount to be paid to the licensee or representative and so, because of section 52 of this Act, paragraph (1)(d) would apply to that amount. This does not affect the trustee's obligations under section 62 of the Superannuation Industry (Supervision) Act 1993 (which deals with the purposes for which a trustee may act in maintaining a regulated superannuation fund).