Superannuation and other Trust Funds (Validation) Act 1927
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Change 1
6 Supplementary provisions as to powers of Authority .
(1) The Authority may require any person being a trustee, or officer of any fund for the registration of which under this Act application has been made, or of any registered fund, to furnish, either by statutory declaration or otherwise, any information or explanation which may be necessary for the proper exercise and performance of the powers and duties of the Authority under this Act. (2) In the event of any breach of trust being committed by the trustees of a registered fund by reason of their making any unauthorised investment or by reason of their committing a breach of any rule of the fund being a rule required by this Act as a qualification for registration of the fund thereunder, the Authority, shall have the like remedies in all respects for the breach of trust as if it were a person beneficially interested in the fund.
6 Supplementary provisions as to powers of Authority .
(1) The Authority may require any person being a trustee, or officer of any fund for the registration of which under this Act application has been made, or of any registered fund, to furnish, either by statutory declaration or otherwise, any information or explanation which may be necessary for the proper exercise and performance of the powers and duties of the Authority under this Act. (2) In the event of any breach of trust being committed by the trustees of a registered fund by reason of their making any unauthorised investment or by reason of their committing a breach of any rule of the fund being a rule required by this Act as a qualification for registration of the fund thereunder, the Authority, shall have the like remedies in all respects for the breach of trust as if it were a person beneficially interested in the fund.
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