Document ID: chunk:federal_register_of_legislation:C2025C00134:section:32
Version: federal_register_of_legislation:C2025C00134
Segment Type: section
Provision Reference: s 32
Character Range: 268690–270361

32  Operating standards for approved deposit funds
 (1) The regulations may prescribe standards applicable to the operation of approved deposit funds (funds) and to trustees and RSE licensees of those funds.
 (2) The standards that may be prescribed include, but are not limited to, standards relating to the following matters:
 (a) the kinds of amounts that may be deposited with funds;
 (aa) the circumstances in which amounts may be deposited with funds;
 (b) the preservation of amounts deposited with funds, and of earnings on such amounts;
 (c) the payment out of funds of amounts deposited with the funds, and of earnings on such amounts;
 (d) the portability of amounts deposited with funds, and of earnings on such amounts;
 (e) the form in which benefits may be paid out of funds;
 (f) the investment of assets of funds and the management of the investment;
 (fa) the requirements relating to fitness and propriety for RSE licensees of funds and trustees of funds;
 (g) the keeping and retention of records in relation to funds;
 (h) the financial and actuarial reports to be prepared in relation to funds;
 (i) the disclosure of information to beneficiaries in funds;
 (j) the disclosure of information about funds to the Regulator;
 (k) the disclosure of information about funds to persons other than beneficiaries or the Regulator;
 (l) the financial position of funds;
 (la) the outsourcing arrangements relating to the operation of funds;
 (lb) the adequacy of resources (including human resources, technical resources, and financial resources) of, or available to, trustees of funds;
 (m) the funding and solvency of funds;
 (n) the winding‑up of funds.