Document ID: chunk:federal_register_of_legislation:C2020A00135:clause:8_1
Version: federal_register_of_legislation:C2020A00135
Segment Type: clause
Provision Reference: sch 8 cl 1
Character Range: 112903–113407

1  After subsection 29E(5)
Insert:

Licences held by bodies corporate
 (5A) An additional condition is imposed on each RSE licence held by an RSE licensee that is a body corporate. The condition is that the RSE licensee must not have a duty to act in the interests of another person, other than a duty that arises in the course of:
 (a) performing the RSE licensee's duties, or exercising the RSE licensee's powers, as a trustee of a registrable superannuation entity; or
 (b) providing personal advice.