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.
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