Superannuation Industry (Supervision) Act 1993
View history note
Hide history noteThere are to be classes of RSE licences.
29B(2) [Public offer entity licence]One class of RSE licences is to be a class that enables a trustee that holds a licence of that class to be a trustee of:
(a) any public offer entity; and
(b) any other registrable superannuation entity included in a class of registrable superannuation entities specified in regulations made for the purposes of this subsection;
subject to any condition imposed on that licence under subsection 29EA(3) .
Note 1:
An RSE licence of this class is called a public offer entity licence : see subsection 10(1) .
Note 2:
Only constitutional corporations may hold public offer entity licences: see paragraph 29D(1)(g) .
29B(3) [Specified other entities licence]Another class of RSE licences is to be a class that enables a trustee that:
(a) holds a licence of that class; or
(b) is a member of a group of individual trustees that holds a licence of that class;
to be a trustee of any registrable superannuation entity included in a class of registrable superannuation entities (other than a class of public offer entities) specified in regulations made for the purposes of this subsection, subject to any condition imposed on that licence under subsection 29EA(3) .
29B(4) [Other classes of licence to be specified]The regulations may provide for other classes of RSE licences. For each such class, the regulations must specify the classes of registrable superannuation entities of which a trustee that:
(a) holds a licence of that class; or
(b) is a member of a group of individual trustees that holds a licence of that class;
is enabled to be a trustee, subject to any condition imposed on that licence under subsection 29EA(3) .
29B(5) [Entities can be specified for more than one licence]The classes of registrable superannuation entity that the regulations may specify in relation to a particular class of RSE licence may include one or more classes of registrable superannuation entity that the regulations specify in relation to another class of RSE licence.
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