Document ID: chunk:federal_register_of_legislation:F2015L00808:body:0:p10
Version: federal_register_of_legislation:F2015L00808
Segment Type: other
Provision Reference: 
Character Range: 25762–27122

continue to meet this amount. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Member account                Represents a distinct entry recorded in the register of member accounts (or other equivalent mechanism).

Employer sponsor  Represents an employer sponsor as given within the meaning in s. 16(1) of the SIS Act.

Interpretation

For the purposes of these instructions:

     * operational risk financial requirement (ORFR) has the meaning given in SPS 114;

     * RSE means a registrable superannuation entity as defined in section 10(1) of the SIS Act;

     * RSE licensee has the meaning given in section 10(1) of the SIS Act;

     * single member approved deposit fund (SMADF) means a superannuation entity that is an approved deposit fund, within the meaning given in section 10(1) of the SIS Act, that has only one member;

     * SIS Act means the Superannuation Industry (Supervision) Act 1993;

     * small APRA fund (SAF) means a regulated superannuation fund, within the meaning given in section 10(1) of the SIS Act, which has fewer than five members; and

     * SPS 114 means Prudential Standard SPS 114 Operational Risk Financial Requirement.

    [1]  Refer also to Prudential Standard SPS 310 Audit and Related Matters (SPS 310).
    [2]  Refer to Prudential Standard SPS 510 Governance.