Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Act 2019 (40 of 2019)

Schedule 4   Approval to own or control an RSE licensee

Part 1   Amendments

Superannuation Industry (Supervision) Act 1993

1   Subsection 10(1)

Insert:

controlling stake :a person holds a controlling stake in an RSE licensee that is a body corporate if the person holds a stake of more than 15% in the RSE licensee.

practical control of an RSE licensee that is a body corporate has the meaning given by section 131EC.