Document ID: chunk:federal_register_of_legislation:C2019A00040:clause:4_14
Version: federal_register_of_legislation:C2019A00040
Segment Type: clause
Provision Reference: sch 4 cl 14
Character Range: 33148–33848

14  Treatment of persons holding a controlling stake in an RSE licensee before the commencement day
(1) This item applies if:
 (a) a person holds a controlling stake in an RSE licensee immediately before the commencement day; and
 (b) the person continues to hold a controlling stake in the RSE licensee on, or on and after, the commencement day.
(2) For the purposes of the Superannuation Industry (Supervision) Act 1993, the person is taken to have approval under section 29HD to hold a controlling stake in the RSE licensee during the period:
 (a) beginning on the commencement day; and
 (b) ending when the period during which the person holds a controlling stake in the RSE licensee is broken.