business.gov.au

Approval as a Trustee of a Superannuation Entity - Australian Government

Description

You may apply for this approval if you operate a constitutional corporation under the legislation and intend to be an approved trustee.

Under the provisions, approved deposit funds (ADFs), pooled superannuation trusts (PSTs), and public offer superannuation funds need to have an approved trustee.

In the case of foreign corporations, their Australian subsidiaries may apply to become an approved trustee.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To apply you must be operating as a corporation formed within the limits of the Australian government.

In your application you will be required to demonstrate compliance with current legislative requirements and operating standards, including proof of compliance with SIS fitness and propriety standards. Extensive requirements and obligations apply to this licence.

Prerequisites

Must Have

Australian Financial Services Licence

Duration

As specified

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Fees vary depending on individual circumstances. The fees schedule is attached as a resource. Please consult the Contact Officer for further information regarding fees.

Act(s) name

Superannuation Industry (Supervision) Act 1993 Australian Government

Administering agency

Australian Prudential Regulation Authority

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.