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Superannuation Laws Amendment (Strengthening Trustee Arrangements) Bill 2017

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8339

2016-2017

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

 

Superannuation Laws Amendment (Strengthening Trustee Arrangements) Bill 2017

 

 

( 1 )     Schedule 1 , item 1 , page 4 (line 1) to page 5 (line 23) , omit section 87 , substitute:

87   Meaning of independent from an RSE licensee

                   A person is independent from an RSE licensee of a registrable superannuation entity if the person is free of any interest, position, association or relationship that might in a material respect, either directly or indirectly, influence, or might reasonably be perceived to influence, the person’s capacity:

                     (a)  to bring an independent judgement to bear on issues before the board of directors (if the person is a director) or on issues to be considered by the person (if the person is a trustee); and

                     (b)  to act in the best interests of the registrable superannuation entity and its members generally.

[meaning of independent from an RSE licensee]