Document ID: chunk:federal_register_of_legislation:C2025C00134:section:10:p12
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 10 (pt 12/19)
Character Range: 83675–86325

in relation to bodies corporate, has the meaning given by section 20.
related party, of a superannuation fund, means any of the following:
 (a) a member of the fund;
 (b) a standard employer‑sponsor of the fund;
 (c) a Part 8 associate of an entity referred to in paragraph (a) or (b).
related trust, of a superannuation fund, means a trust that a member or a standard employer‑sponsor of the fund controls (within the meaning of section 70E), other than an excluded instalment trust of the fund.
relative of an individual means the following:
 (a) a parent, grandparent, brother, sister, uncle, aunt, nephew, niece, lineal descendant or adopted child of the individual or of his or her spouse;
 (b) a spouse of the individual or of any other individual referred to in paragraph (a).
Note: Subsection (5) may be relevant to determining relationships for the purposes of paragraph (a) of the definition of relative.
relevant person means:
 (a) in relation to a fund or trust:
 (i) if the trustee or an investment manager of the fund or trust is or includes an individual—that individual; or
 (ii) if the trustee or an investment manager of the fund or trust is or includes a body corporate—a responsible officer of that body corporate; or
 (iii) an auditor of the fund or trust; or
 (iv) an actuary of the fund or trust; or
 (v) a person who is a custodian in relation to the fund or trust; or
 (b) in relation to an approved SMSF auditor:
 (i) the approved SMSF auditor; or
 (ii) a person who is a relevant person under paragraph (a) in relation to a self managed superannuation fund of which the approved SMSF auditor is or was an auditor; or
 (c) in relation to an audit of a self managed superannuation fund:
 (i) the person who is conducting, or conducted, the audit; or
 (ii) a person who is a relevant person under paragraph (a) in relation to the self managed superannuation fund.
resident approved deposit fund has the meaning given by section 20A.
resident regulated superannuation fund means a regulated superannuation fund that is an Australian superannuation fund within the meaning of the Income Tax Assessment Act 1997.
resolution, of an entity, means the process by which APRA or other relevant persons manage or respond to the entity:
 (a) being unable to meet its obligations; or
 (b) being considered likely to be unable, or being considered likely to become unable, to meet its obligations; or
 (c) suspending payment, or being considered likely to suspend payment;
including through the exercise of powers and functions under this Act or another law.
responsible officer, in relation to a body corporate, means:
 (a) a director of