Document ID: chunk:federal_register_of_legislation:C2020A00135:clause:9_4
Version: federal_register_of_legislation:C2020A00135
Segment Type: clause
Provision Reference: sch 9 cl 4
Character Range: 113883–114564

4  Simplified outline of supervision responsibilities

      Sections 5 and 6 set out the functions, powers and duties of APRA, ASIC and the Commissioner of Taxation in administering this Act.
      APRA is generally responsible for prudential regulation and member outcomes. It is also generally responsible for licensing and supervision of RSE licensees.
      ASIC is generally responsible for protecting consumers from harm, market integrity, disclosure and record keeping.
      The Commissioner of Taxation is generally responsible for self managed superannuation funds, data and payment standards, tax file numbers and the compassionate release of superannuation amounts.