Document ID: chunk:federal_register_of_legislation:F2015L00815:body:0:p12
Version: federal_register_of_legislation:F2015L00815
Segment Type: other
Provision Reference: 
Character Range: 33523–36890

Asset consultant                Represents a person engaged to provide advice on the investment strategy and asset allocation, which may cover selection of investment managers. Excludes: implemented consultants.

Custodian                       Represents the person or entity that performs custodial functions in relation to any of the assets of the RSE. Reference: SIS Act, s. 10(1).

Financial advisor: employer     Represents a person engaged with respect to an RSE to provide personal financial advice within the meaning given in the Corporations Act 2001 to an employer sponsor of that RSE.

Financial advisor:  member      Represents a person engaged with respect to an RSE to provide personal financial advice within the meaning given in the Corporations Act 2001 to members of that RSE.

Implemented consultant          Represents a person engaged to provide advice on and carry out the investment strategy, which may involve execution and maintenance of asset allocation, and selection, management and monitoring of investment managers and performance.

Professional indemnity insurer  Represents the entity that provides professional indemnity insurance (including directors and officers insurance) to the RSE licensee.

Internal auditor                Represents the internal auditor of the RSE licensee. Reference: Prudential Standard SPS 510 Governance; Prudential Standard SPS 231 Outsourcing.

Investment manager              Represents an investment manager within the meaning given in s. 10(1) of the SIS Act.

IT service provider             Represents a person that provides information technology services.

Lawyer                          Represents a legal firm or an individual lawyer engaged to provide legal advice to the RSE licensee.

Platform provider               Represents a company that manages services that assemble and administer a suite of investment options offered to a superannuation fund member through a product.

Promoter                        Represents a person engaged with respect to an RSE to undertake product design and/or marketing services.

RSE actuary  Represents a person who is appointed as an actuary of a registrable superannuation entity.

RSE auditor  Represents a person who is appointed as an auditor of a registrable superannuation entity.

Associate relationships

RSE licensee                                           Represents an RSE licensee within the meaning given in s. 10(1) of the SIS Act. Includes: the RSE licensee of the RSE and other RSE licensees.

Connected entity                                       Represents a connected entity within the meaning given in s. 10(1) of the SIS Act.

Joint venture                                          Represents a contractual arrangement of the RSE licensee whereby two or more parties undertake an economic activity that is subject to joint control or joint arrangement (an arrangement of which two or more parties have joint control).

Parent entity                                          Represents the parent entity(s) of the RSE licensee, controlled entities of the parent entity(s) of the RSE licensee and joint ventures or associates of the parent entity(s) of the RSE licensee.

Director                                               Represents a director of an RSE licensee, within the meaning given in s. 10(1) of the SIS Act.