Superannuation Industry (Supervision) Amendment Regulations 2004 (No. 3) (113 of 2004)

Schedule 1   Amendments commencing on 1 July 2004

[5]   After regulation 4.10

insert

4.10A Operating standard - ownership of units in a PST

(1) For paragraph 33 (2) (aa) of the Act, the standard stated in subregulation (2) is applicable to a registrable superannuation entity that is a PST:

(a) that came into existence on or after the start of the licensing transition period; and

(b) for which there is an RSE licensee.

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

(2) A trustee of the registrable superannuation entity must not offer ownership of units in the registrable superannuation entity unless the registrable superannuation entity is registered under Part 2B of the Act.