Document ID: chunk:federal_register_of_legislation:C2025C00134:section:34c:p2
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 34C (pt 2/3)
Character Range: 277483–280390

or promote instability in the Australian financial system; or
 (d) the conduct by an RSE licensee of a registrable superannuation entity of the affairs of the registrable superannuation entity in such a way as not to cause or promote instability in the Australian financial system; or
 (e) the conduct by a connected entity of an RSE licensee of a registrable superannuation entity of the affairs of the connected entity in such a way as:
 (i) to keep itself in a sound financial position; or
 (ii) not to cause or promote instability in the Australian financial system; or
 (ea) the conduct by an RSE licensee of a registrable superannuation entity, or by a connected entity of such an RSE licensee, of the affairs of the licensee, the registrable superannuation entity, or any connected entity of the licensee, in such a way as to:
 (i) facilitate resolution of the RSE licensee; or
 (ii) facilitate resolution of the registrable superannuation entity; or
 (iii) facilitate resolution of the connected entity that is reasonably necessary to facilitate resolution of the RSE licensee; or
 (iv) facilitate resolution of the connected entity that is reasonably necessary to facilitate resolution of the registrable superannuation entity; or
 (v) facilitate resolution of the connected entity that is reasonably necessary to protect the interests of the beneficiaries of the registrable superannuation entity; or
 (vi) facilitate resolution of the connected entity that is reasonably necessary to meet the reasonable expectations of the beneficiaries of the registrable superannuation entity; or
 (f) the conduct by an RSE licensee of a registrable superannuation entity, or a connected entity of the RSE licensee, of any of its affairs that are relevant to the registrable superannuation entity with integrity, prudence and professional skill; or
 (g) the appointment of auditors and actuaries; or
 (h) the conduct of audits and actuarial investigations.
 (5) The prudential standards may provide for APRA to exercise powers and discretions under the standards, including but not limited to discretions to approve, impose, adjust or exclude specific prudential requirements in relation to the following:
 (a) a particular RSE licensee of a registrable superannuation entity;
 (b) a particular connected entity of an RSE licensee of a registrable superannuation entity;
 (c) specified RSE licensees of registrable superannuation entities;
 (d) specified connected entities of RSE licensees of registrable superannuation entities.
 (6) APRA may, in writing, vary or revoke a standard.
 (7) A standard referred to in paragraph (1)(e) or (f), or a variation of a standard referred to in those paragraphs, comes into force on the later of:
 (a) the day on which APRA satisfies subsection 34E(1) in relation to the standard or variation (obligation to give a copy to each RSE licensee and connected entity to which