You will require this licence if you operate as a trustee for a registrable superannuation entity (RSE). A trustee may be a:
- Constitutional corporation;
- Body corporate; or
- Individual trustee.
All trustees of a registered RSE must be licensed. There are serious penalties for operating without an RSE licence.
There are different classes of RSE licences:
- Public offer entity;
- Non-public offer entity;
- Extended public offer entity; and
- Acting trustee.
The class of licence you obtain may specify the classes of registered RSE's that you can belong too.
Trustees of self-managed superannuation funds regulated by the ATO and public sector superannuation schemes are exempt, and all superannuation entities other than those self-managed superannuation funds regulated by the ATO and exempt public sector superannuation schemes need to be registered.
Only an RSE licensee can register a superannuation entity.
Please consult the Contact Officer for more information.
A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.
You will need to apply with the approved form and pay the prescribed fee. If the Authority requests additional information, you must supply it before the licence is granted to you.
Please consult the Contact Officer for more information regarding eligibility requirements.
A licence remains in force subject to conditions placed on it by the Authority.
Fees vary depending on individual circumstances. Please consult the Contact Officer for fee information.
Australian Prudential Regulation Authority
Superannuation Industry (Supervision) Act 1993 (Australian Government)
Superannuation Industry (Supervision) Regulations 1994 (Australian Government)
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