Document ID: chunk:federal_register_of_legislation:C2025C00134:section:10:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 10 (pt 2/19)
Character Range: 58924–61666

with the rules of the fund, in any way calculated directly or indirectly to enhance the value of, or render profitable, property of the fund; and
 (c) subject to any inconsistent requirement in the standards from time to time applicable to the fund under section 32, the purpose of paying to beneficiaries, or to the legal personal representatives of beneficiaries, upon request, amounts equal to the beneficiary's interest in the fund; and
 (d) such other purposes (if any) as APRA approves in writing.
approved SMSF auditor means a person who is registered under section 128B, but does not include:
 (a) a person for whom an order disqualifying a person from being an approved SMSF auditor, or suspending a person's registration as an approved SMSF auditor, is in force under section 130F; or
 (b) a person who is disqualified from being or acting as an auditor of all superannuation entities under section 130D.
APRA means the Australian Prudential Regulation Authority.
APRA staff member has the same meaning as in the Australian Prudential Regulation Authority Act 1998.
ASIC means the Australian Securities and Investments Commission.
asset means any form of property and, to avoid doubt, includes money (whether Australian currency or currency of another country).
associate has the meaning given by section 12.
Australian court means:
 (a) the High Court; or
 (b) a court created by the Parliament; or
 (c) a court of a State or Territory.
Australian resident means a person who is a resident of Australia for the purposes of the Income Tax Assessment Act 1936.
authorised person means a person authorised by the Regulator under section 298A for the purposes of the provision in which the expression occurs.
benchmark means a benchmark mentioned in, or specified in regulations made for the purposes of, subparagraphs 52(9)(a)(i) and (ii) and paragraph 52(9)(aa).
beneficiary, in relation to a fund, scheme or trust, means a person (whether described in the governing rules as a member, a depositor or otherwise) who has a beneficial interest in the fund, scheme or trust and includes, in relation to a superannuation fund, a member of the fund despite the express references in this Act to members of such funds.
books includes:
 (a) any record; or
 (b) any accounts or accounting records, however compiled, recorded or stored; or
 (c) a document.
buy‑sell spread has the meaning given by subsection 29V(4).
child, in relation to a person, includes:
 (a) an adopted child, a stepchild or an ex‑nuptial child of the person; and
 (b) a child of the person's spouse; and
 (c) someone who is a child of the person within the meaning of the Family Law Act 1975.
choice product: A class of beneficial interest in a regulated superannuation