Superannuation Industry (Supervision) Act 1993
29PBObligation on responsible officers of RSE licensees to answer questions
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29PB Obligation on responsible officers of RSE licensees to answer questions
(1) This section applies if a member of a registrable superannuation entity asks a responsible officer of the RSE licensee for the entity a question at the meeting. (2) The responsible officer of the RSE licensee must answer the question at the meeting or, if it is not reasonably practicable to do so, within 1 month after the meeting.
Penalty: 50 penalty units.
(3) Subsection (2) does not apply: (a) if the question is not relevant to: (i) an action, or failure to act, by the RSE licensee in relation to the registrable superannuation entity or one or more members of the registrable superannuation entity; or (ii) the registrable superannuation entity; or (b) if it would be in breach of the governing rules of the registrable superannuation entity, this Act or any other law to answer the question; or (c) if answering the question would result in detriment to the members of the registrable superannuation entity, taken as a whole; or (d) in any other circumstances prescribed by the regulations.