You will require this approval if your corporation intends to act as trustee of public offer entities. Public offer entities make offers to members of the public of superannuation products.
A public offer entity means a:
- Public offer superannuation funds;
- Pooled superannuation trusts; or
- Approved deposit funds.
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.
The applying entity must be a constitutional corporation and intend to be a trustee of: an approved deposit fund; a public offer superannuation fund; or a pooled superannuation trust. It must satisfy prescribed asset backing requirements and must have the capacity to perform the role of a trustee.
Other accreditation and licences may be required, such as compliance with SIS fitness and propriety standards. Please consult the Contact Officer for further details.
Ongoing unless revoked
Application by Corporation for Approval as an Approved Trustee - Part A - Details of this application process are available directly from the Agency and their website.
Application by Corporation for Approval as an Approved Trustee - Part B - Details of this application process are available directly from the Agency and their website.
Australian Prudential Regulation Authority
Superannuation Industry (Supervision) Act 1993 (Australian Government)
Superannuation Industry (Supervision) (Transitional Provisions) Regulations 1993 (Australian Government)
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