Document ID: chunk:federal_register_of_legislation:F2024L00636:body:0:p7
Version: federal_register_of_legislation:F2024L00636
Segment Type: other
Provision Reference: 
Character Range: 16834–19524

(c)          sections 1012B, 1012F, 1012H(2), 1017B(1), 1017B(5), 1017D(1), 1017D(3A), 1017E(2), 1017E(3) and 1017E(4) of the Corporations Act; and
(d)          regulations 7.9.07R, 7.9.07S, 7.9.07T, 7.9.07V and 7.9.07W of the Corporations Regulations 2001.

[1]  For the purposes of this Prudential Standard, 'RSE licensee' has the meaning given in section 10(1) of the SIS Act.
[2]  For the purposes of this Prudential Standard, 'RSE auditor' has the meaning given in section 10(1) of the SIS Act.
[3]  In accordance with section 35AC(8) of the SIS Act, the RSE auditor appointed under RSE licensee law must be the same auditor appointed under Chapter 2M of the Corporations Act 2001 (Corporations Act). For the purposes of this Prudential Standard, an 'RSE licensee's business operations' includes all activities as an RSE licensee (including the activities of each RSE of which it is the licensee), and all other activities of the RSE licensee to the extent that they are relevant to, or may impact on, its activities as an RSE licensee.
    [4]  For the purposes of this Prudential Standard, a reference to 'a group' is a reference to a group comprising the RSE licensee and all connected entities of the RSE licensee. 'Connected entity' has the meaning given in section 10(1) of the SIS Act.
[5]  Small APRA funds are excluded from the definition of an RSE for the purposes of Chapter 2M of the Corporations Act.
[6]  Refer to Part 4, Part 16 and Part 25 of the SIS Act, and Chapter 2M of the Corporations Act, for requirements relating to RSE auditors.
[7]  'Prudential requirements' include requirements imposed by the SIS Act, the Superannuation Industry (Supervision) Regulations 1994, prudential standards made under the SIS Act, reporting standards made under the Financial Sector (Collection of Data) Act 2001, conditions on the RSE licensee's licence and any other requirements imposed by APRA in writing.
[8]   A reference to 'the Board' is to be read as a reference to the Board of directors or group of individual trustees of an RSE licensee. 'Group of individual trustees' has the meaning given in section 10(1) of the SIS Act.
[9]  'Individual RSE auditor' has the meaning given by section 10(1) of the SIS Act. 'Lead auditor' has the meaning given by section 11F of the SIS Act.
[10]  'RSE audit firm' and 'RSE audit company' have the meaning given by section 10(1) of the SIS Act.
[11]  A SAF is an RSE that has no more than six members.
[12]  'Working papers' has the meaning given in  section 307B(8) of the Corporations Act.
[13]  If a reporting standard has been revoked prior to or during a year of income, the RSE auditor's report for that year of income does not