Document ID: chunk:federal_register_of_legislation:C2025C00134:section:10:p7
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 10 (pt 7/19)
Character Range: 71459–74067

employer‑sponsor of the fund.
independent trustee, in relation to a fund, means a trustee of the fund who:
 (a) is not a member of the fund; and
 (b) is neither an employer‑sponsor of the fund nor an associate of such an employer‑sponsor; and
 (c) is neither an employee of an employer‑sponsor of the fund nor an employee of an associate of such an employer‑sponsor; and
 (d) is not, in any capacity, a representative of a trade union, or other organisation, representing the interests of one or more members of the fund; and
 (e) is not, in any capacity, a representative of an organisation representing the interests of one or more employer‑sponsors of the fund.
individual RSE auditor means an individual who is appointed as auditor of a registrable superannuation entity.
individual trustee, in relation to a fund, scheme or trust, means an individual who is a trustee of the fund, scheme or trust.
insolvent under administration means a person who:
 (a) under the Bankruptcy Act 1966 or the law of an external Territory, is a bankrupt in respect of a bankruptcy from which the person has not been discharged; or
 (b) under the law of a country other than Australia or the law of an external Territory, has the status of an undischarged bankrupt;
and includes:
 (c) a person any of whose property is subject to control under:
 (i) section 50 or 188 of the Bankruptcy Act 1966; or
 (ii) a corresponding provision of the law of an external Territory or the law of a foreign country; or
 (d) a person who has executed a personal insolvency agreement under:
 (i) Part X of the Bankruptcy Act 1966; or
 (ii) the corresponding provisions of the law of an external Territory or the law of a foreign country;
  if a certificate has not been given under section 232 of that Act or the corresponding provision of the law of the external Territory or foreign country, as the case may be, in respect of the agreement.
inspector has the meaning given by section 265.
instalment receipt means an investment under which:
 (a) a listed security is held in a trust until the purchase price of the security is fully paid; and
 (b) the security, and property derived from the security, is the only trust property.
insurance fee has the meaning given by subsection 29V(9).
interdependency relationship has the meaning given by section 10A.
invest means:
 (a) apply assets in any way; or
 (b) make a contract;
for the purpose of gaining interest, income, profit or gain.
investment fee has the meaning given by subsection 29V(3).
investment manager means a person appointed by a trustee of a fund or trust to invest on behalf