Document ID: chunk:federal_register_of_legislation:C2012A00117:clause:2_34c:p2
Version: federal_register_of_legislation:C2012A00117
Segment Type: clause
Provision Reference: sch 2 cl 34C (pt 2/3)
Character Range: 33600–36360

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
 (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 it applies); and
 (b) if APRA includes with the copy of the standard or variation a notice that the standard or variation will come into force on a later day—that later day.
 (8) The revocation of a standard referred to in paragraph (1)(e) or (f) comes into force on the later of:
 (a) the day on which APRA satisfies subsection 34E(2) in relation to the revocation (obligation to give notice of the revocation to each RSE licensee or connected entity to which the standard relates); and
 (b) the day specified in that notice as the day on which the revocation comes into force.
 (9) The following instruments made under this section are not legislative instruments:
 (a) a standard referred to in paragraph (1)(e) or (f);
 (b) an instrument varying or revoking a standard referred to in paragraph (1)(e) or (f).
 (10) Otherwise, an instrument made under this section is a