Document ID: chunk:federal_register_of_legislation:F2025C00069:reg:3:p3
Version: federal_register_of_legislation:F2025C00069
Segment Type: reg
Provision Reference: reg 3 (pt 3/66)
Character Range: 230756–233620

relate to the strategy to be followed by the trustee in relation to the investment of a particular asset or assets of the entity; and
 (b) are given in the circumstances covered by regulation 4.02.

4.09A  Operating standard—money and other assets to be kept separate (self managed superannuation funds)
 (1) For subsection 31(1) of the Act, the standard stated in subregulation (2) applies to the operation of regulated superannuation funds.
 (2) A trustee of a regulated superannuation fund that is a self managed superannuation fund must keep the money and other assets of the fund separate from any money and assets, respectively:
 (a) that are held by the trustee personally; or
 (b) that are money or assets, as the case may be, of a standard employer‑sponsor, or an associate of a standard employer‑sponsor, of the fund.

4.10  Operating standard—investment by non‑complying superannuation funds
  For the purposes of subsection 31(1) of the Act, it is a standard applicable to the operation of regulated superannuation funds that, if the Regulator gives a notice to the trustee of an entity stating that the entity is not a complying superannuation fund, the trustee must take all reasonable steps to immediately dispose of any units held by the trustee in a PST, unless the Regulator otherwise directs.

4.10A  Operating standard—ownership of units in a PST
 (1) For paragraph 33(2)(aa) of the Act, the standard stated in subregulation (2) is applicable to a registrable superannuation entity that is a PST.
 (2) A trustee of the registrable superannuation entity must not offer ownership of units in the registrable superannuation entity unless the registrable superannuation entity is registered under Part 2B of the Act.

4.11  Operating standard—investment by non‑complying approved deposit funds
  For the purposes of subsection 32(1) of the Act, it is a standard applicable to the operation of approved deposit funds that, if APRA gives a notice to the trustee of an entity stating that the entity is not a complying approved deposit fund, the trustee must take all reasonable steps to immediately dispose of any units held by the trustee in a PST, unless APRA otherwise directs.

4.11A  Operating standard—acceptance of deposits by an approved deposit fund
 (1) For paragraph 32(2)(aa) of the Act, the standard stated in subregulation (2) is applicable to a registrable superannuation entity that is an approved deposit fund.
 (2) A trustee of the registrable superannuation entity must not accept deposits unless the registrable superannuation entity is registered under Part 2B of the Act.

4.12  Operating standard—acceptance by regulated superannuation and approved deposit funds of rollovers and transfers
 (1) For the purposes of subsections 31(1) and 32(1) of the Act, it is a standard applicable to the operation of regulated superannuation