You will require this approval if you intend to be the provider of an approved deposit fund. An approved deposit fund is a fund that is an indefinitely continuing fund maintained by an approved trustee solely for approved purposes. It does not accept contributions but does accept rollovers.
Please consult the Agency and their website for further details.
A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.
In your application you will be required to demonstrate compliance with the current operating standards and legislative requirements, including proof of compliance with SIS fitness and propriety standards and responsible lending conduct requirements.
Extensive requirements and obligations apply to this licence. Please consult the Agency for full details.
As specified by the Agency.
Please consult the Contact Officer for information on fees to be submitted.
Application for Approval as an Approved Deposit Fund - This form is available directly from the Agency and their website.
Lodge this registration with Australian Prudential Regulation Authority in your nearest capital city.
Australian Prudential Regulation Authority
Superannuation Industry (Supervision) Act 1993 (Australian Government)
Superannuation Industry (Supervision) (Transitional Provisions) Regulations 1993 (Australian Government)
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