7Functions of the Corporation

#### 7 Functions of the Corporation 7 Functions of the Corporation > > (1) The Corporation has the functions conferred or imposed on it by or under this or any other Act or law. > > > (2) The principal functions of the Corporation are the development, promotion and conduct of its business of providing superannuation scheme administration and related services. > > > (3) For the purposes of exercising its principal functions, the Corporation may provide services that include (but are not limited to) the following: > > > > > (a) collecting contributions to superannuation schemes, > > > > > (b) keeping and maintaining member records, > > > > > (c) providing information and advice to members, > > > > > (d) preparing financial statements on behalf of trustees, > > > > > (e) processing of claims and payment of benefits. > > > (3A) The Corporation may also provide administration and related services to financial service providers. > > > (3B) For that purpose, the Corporation may provide services that include (but are not limited to) the following: > > > > > (a) collecting payments on behalf of financial service providers, > > > > > (b) providing information and advice to clients of financial service providers, > > > > > (c) keeping and maintaining client records, > > > > > (d) preparing financial statements on behalf of financial service providers, > > > > > (e) processing claims and other transactions on behalf of financial service providers. > > > (3C) The Corporation has such other functions as may be prescribed by the regulations. > > > (4) This section does not limit the functions of the Corporation apart from this section, but is subject to the provisions of this Act, the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134), the [Superannuation Administration Act 1996](/view/html/inforce/current/act-1996-039) and any other Act or law. > > Note— > > Section 20E of the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) sets out the principal objectives of statutory State owned corporations. > > **s 7:** Am 2010 No 121, Sch 1 \[2\]–\[5\].