Superannuation Industry (Supervision) Regulations 1994

Reg 4.17 repealed by SLI No 155 of 2013, reg 4 and Sch 1 item 98, effective 1 July 2013. Reg 4.17 formerly read:

REGULATION 4.17 OUTSOURCING ARRANGEMENTS FOR LICENSING TRANSITION PERIOD  
4.17(1)
In this regulation:

arrangements
includes agreements or arrangements entered into at any time before the end of the licensing transition period.

business activity
means a business activity that would be a material business activity if the business activity was a business activity of an RSE licensee.

4.17(2)
Any arrangements that are in place for the outsourcing of a business activity that were entered into by a person who:

(a) was a trustee of a registrable superannuation entity at the start of the licensing transition period; and

(b) was not an RSE licensee, or was not a member of a group that was an RSE licensee, at the time the arrangements were entered into;

must, at or before the end of the licensing transition period:

(c) comply with the standard stated in regulation 4.16 ; or

(d) be terminated by the person.

Note: Licensing transition period is defined in subsection 10(1) of the Act.

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History

Reg 4.17 inserted by SR No 113 of 2004, reg 3 and Sch 1 item 7, effective 1 July 2004.