Are the fit and proper requirements consistent with equal representation for standard employer sponsor funds?
Yes, APRA suggests that details of the explicit test of fitness and propriety be available to persons seeking nomination as trustees or directors. It also suggests the test be provided to the nominating person prior to nominations being made. APRA expects that new trustees and directors commit to sufficient training to enable them to discharge their duties under the SIS Act.
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- Are the fit and proper requirements consistent with equal representation for standard employer sponsor funds?