Government legislation requires a policy committee to be established if you have:
Under the Superannuation Industry (Supervision) Act (1993) (SIS), it is the Trustee’s responsibility to take all reasonable steps to ensure a policy committee is established in these cases.
Nominate the person in charge of forming the policy committee.
Identify the policy committee members who will represent the plan’s membership through a nomination or voting process.
Appoint the same number of policy committee representatives who will represent the employer.
Inform BT in writing of the composition of the policy committee.
Prepare, run and report on the policy committee meetings.
Please refer to the BT Policy Committee Handbook for more detailed information.
Policy committee meetings must be held once in any 12 month period. The Secretary takes minutes and at the end the Chairperson and Secretary must sign the minutes before sending to BT.
We suggest the following agenda for meetings:
This information is general information only, it does not constitute any recommendation or advice; it has been prepared without taking into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. The information provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such.