Document ID: chunk:federal_register_of_legislation:F2015L00820:body:0:p7
Version: federal_register_of_legislation:F2015L00820
Segment Type: other
Provision Reference: 
Character Range: 16634–19084

within the meaning given in Prudential Standard SPS 160 Defined Benefit Matters;

     * eligible rollover fund (ERF) has the meaning given in section 10(1) of the SIS Act;

     * financial product advice has the meaning given in s. 766B of the Corporations Act 2001;

     * MySuper product means a MySuper product within the meaning given in section 10(1) of the SIS Act regardless of whether or not it has a lifecycle investment strategy;

     * pooled superannuation trust (PST) has the meaning given in section 10(1) of the SIS Act;

     * RSE means a registrable superannuation entity as defined in section 10(1) of the SIS Act that is not a defined benefit RSE, PST, ERF, SAF or SMADF;

     * RSE licensee has the meaning given in section 10(1) of the SIS Act;

     * single member approved deposit fund (SMADF) means a superannuation entity that is an approved deposit fund, within the meaning given in section 10(1) of the SIS Act, that has only one member;

     * SIS Act means Superannuation Industry (Supervision) Act 1993;

     * SIS Regulations means Superannuation Industry (Supervision) Regulations 1994; and

     * small APRA fund (SAF) means a regulated superannuation fund, within the meaning given in section 10(1) of the SIS Act, which has fewer than five members.

    [1]  For the purposes of this Reporting 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. For the avoidance of doubt, if the RSE licensee is trustee of more than one RSE, defined benefit RSE, PST, ERF, SAF or SMADF that is winding up (winding-up entity), the RSE licensee must separately provide the information required by the form for each winding-up entity within its business operations. An RSE licensee that does not have any winding-up entities within its business operations is not required to provide information under this Reporting Standard.
    [2]  Refer to Regulation 11.07(6) of the Superannuation Industry (Supervision) Regulations 1994 for the requirement to notify APRA in writing of a decision or resolution to wind up an RSE.
    [3]  Refer also to Prudential Standard SPS 310 Audit and Related Matters (SPS 310).
    [4]  Refer to Prudential Standard SPS 510 Governance.