Document ID: chunk:federal_register_of_legislation:F2012L02223:body:0:p8
Version: federal_register_of_legislation:F2012L02223
Segment Type: other
Provision Reference: 
Character Range: 20138–21923

the entity providing the outsourced activities to the RSE licensee.
    [5]  For the purposes of this Prudential Standard, an 'RSE licensee's business operations' includes all activities as an RSE licensee (including the activities of each RSE of which it is the licensee), and all other activities of the RSE licensee to the extent that they are relevant to, or may impact on, its activities as an RSE licensee.
    [6]  For the purposes of this Prudential Standard, a reference to 'beneficiaries' is a reference to 'beneficiaries of an RSE within the RSE licensee's business operations'.
    [7]  'Prudential requirements' include requirements under the SIS Act, the Superannuation Industry (Supervision) Regulations 1994, the prudential standards, reporting standards, the Financial Sector (Collection of Data) Act 2001, licence conditions, authorisations, superannuation data and payment standards, directions and any other requirements imposed by APRA under legislation.
    [8]  Refer to Prudential Standard SPS 220 Risk Management (SPS 220) for more information on the risk management framework and declaration.
    [9]  A reference to an 'associated entity' is a reference to an associate within the meaning of section 12 of the SIS Act.
    [10]  Refer to sections 52(2)(d) and 52A(2)(d) of the SIS Act and Prudential Standard SPS 521 Conflicts of Interest (SPS 521).
    [11]  Refer to SPS 220.
    [12]  Refer to Prudential Standard SPS 232 Business Continuity Management (SPS 232).
    [13]  Refer to SPS 232.
    [14]  Where this Prudential Standard provides for APRA to require an RSE licensee to make other arrangements, or otherwise exercise a power or discretion, the power or discretion is to be exercised in writing.
    [15]  Refer to section 34C(5) of the SIS Act.