Document ID: chunk:federal_register_of_legislation:F2025C00069:reg:3:p52
Version: federal_register_of_legislation:F2025C00069
Segment Type: reg
Provision Reference: reg 3 (pt 52/52)
Character Range: 197786–200169

licences
 (1) For subsection 29B(4) of the Act, extended public offer entity licences are a class of RSE licences.
 (2) Subject to any condition imposed on an extended public offer entity licence under subsection 29EA(3) of the Act, the licence enables a trustee that holds a licence of that class to be a trustee of any registrable superannuation entity.

3A.03A  Acting trustee licences
 (1) For subsection 29B(4) of the Act, acting trustee licences are a class of RSE licences.
 (2) Subject to any condition imposed on an acting trustee licence under subsection 29EA(3) of the Act, the licence allows:
 (a) a trustee that holds an acting trustee licence; or
 (b) a trustee who is a member of a group of individual trustees that holds an acting trustee licence;
to be a trustee of a registrable superannuation entity or entities to which the trustee is appointed to act as trustee under section 134 of the Act by APRA.
 (3) For subsection 29E(7) of the Act, for the period of the licence, a trustee must not, without APRA approval, carry on a business other than that of performing the functions and duties of a trustee of a registrable superannuation entity or entities to which the appointment relates (the trustee business).
 (4) APRA may approve the trustee carrying on a business other than the trustee business if APRA is satisfied that the carrying on of the other business would not prejudice the proper and efficient performance of the trustee's functions and duties.

Division 3A.3—Applying for RSE licences

3A.05  Definitions
  In this Division:
extended public offer entity licence means an RSE licence of a class specified in regulation 3A.03.
non‑public offer entity licence means an RSE licence of a class provided for under subsection 29B(3) of the Act.
Note: The definition of public offer entity licence is contained in subsection 10(1) of the Act.

3A.06  Application fees
  For paragraphs 29C(4)(c) and 29F(2)(c) of the Act, the following fees are prescribed:

Item                              Application                                                                                                                                    Fees ($)
Non‑public offer entity licence   Public offer entity licence                                                                                                                    Extended public offer entity licence