Document ID: chunk:federal_register_of_legislation:F2015L00819:body:0:p9
Version: federal_register_of_legislation:F2015L00819
Segment Type: other
Provision Reference: 
Character Range: 23046–25899

benefit RSE, PST, ERF, small APRA fund or single member approved deposit fund[6];

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

     * select investment option means an investment option within an RSE[7]:

       (a)           to which a member of that RSE may select to have all or a part of their interest directed, and that at the most recent 30 June has assets relating to non-MySuper interests which represent:

           (i)            more than five per cent of total assets of the RSE within which the investment option is located; or

           (ii)         less than five per cent of total assets of the RSE within which the investment option is located, but that are greater than $200 million; or

       (b)           which underlies:

           (i)            a defined benefit pension within the meaning of SPS 160, where that defined benefit pension is currently being paid; or

           (ii)         an interest that entitles the member who holds the interest, when benefits in respect of the interest become payable, to be paid a benefit referred to in the definition of 'defined benefit member' in SPS 160;

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

     * SIS Regulations means Superannuation Industry (Supervision) Regulations 1994;

     * standard employer-sponsor has the meaning given in section 16(2) of the SIS Act;

     * standard employer-sponsor member has the meaning given in section 16(5) of the SIS Act; and

     * sub-fund means a defined benefit sub-fund within the meaning given in SPS 160.

    [1]  For the purposes of this Reporting 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. For the avoidance of doubt, if the RSE licensee is trustee of more than one RSE, defined benefit RSE, PST or ERF, the RSE licensee must separately provide the information required by the form for each RSE, defined benefit RSE, PST or ERF within its business operations.
    [2]  Refer also to Prudential Standard SPS 310 Audit and Related Matters (SPS 310).
    [3]  Refer to Prudential Standard SPS 510 Governance.
    [4]  For the purposes of this Reporting Standard, 'small APRA fund' means a superannuation entity that is a regulated superannuation fund, within the meaning of the SIS Act, which has fewer than five members and 'single member approved deposit fund' means a superannuation entity that is an approved deposit fund, within the meaning of the SIS Act, and has only one member.
    [5]  For the purposes of this Reporting Standard, an 'investment option' includes but is not limited to