Document ID: chunk:federal_register_of_legislation:C2004A01287:clause:1_29b
Version: federal_register_of_legislation:C2004A01287
Segment Type: clause
Provision Reference: sch 1 cl 29B
Character Range: 17787–19739

29B  Classes of RSE licences

 (1) There are to be classes of RSE licences.

 (2) One class of RSE licences is to be a class that enables a trustee that holds a licence of that class to be a trustee of:
 (a) any public offer entity; and
 (b) any other registrable superannuation entity included in a class of registrable superannuation entities specified in regulations made for the purposes of this subsection;
subject to any condition imposed on that licence under subsection 29EA(3).

Note 1: An RSE licence of this class is called a public offer entity licence: see subsection 10(1).

Note 2: Only constitutional corporations may hold public offer entity licences: see paragraph 29D(1)(g).

 (3) Another class of RSE licences is to be a class that enables a trustee that:
 (a) holds a licence of that class; or
 (b) is a member of a group of individual trustees that holds a licence of that class;
to be a trustee of any registrable superannuation entity included in a class of registrable superannuation entities (other than a class of public offer entities) specified in regulations made for the purposes of this subsection, subject to any condition imposed on that licence under subsection 29EA(3).

 (4) The regulations may provide for other classes of RSE licences. For each such class, the regulations must specify the classes of registrable superannuation entities of which a trustee that:
 (a) holds a licence of that class; or
 (b) is a member of a group of individual trustees that holds a licence of that class;
is enabled to be a trustee, subject to any condition imposed on that licence under subsection 29EA(3).

 (5) The classes of registrable superannuation entity that the regulations may specify in relation to a particular class of RSE licence may include one or more classes of registrable superannuation entity that the regulations specify in relation to another class of RSE licence.

Division 3—Applying for RSE licences