Australia Superannuation Industry (Supervision) Act 1993 (Cth)
Trustee and director covenants – Australia Superannuation Industry (Supervision) Act 1993 (Cth)

Australia Superannuation Industry (Supervision) Act 1993 (Cth) s52-8: s 52(8) Risk management strategy and operational risk financial resources covenant

A trustee formulates, reviews regularly and gives effect to a risk management strategy covering its own activities bearing on exercising its powers and carrying out its trustee duties, plus whatever risk surfaces from running the entity (s 52(8)(a)); and holds and manages financial resources, as the prudential standards require, whether trustee capital, an entity reserve, or a mix of both, sized to cover the entity's operational risk (s 52(8)(b)).

Maintained by Gerard Blokdyk

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