business.gov.au

Approval of a Public Offer Superannuation Fund - Australian Government

Description

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
  • approved deposit funds.

Service type

Licence

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

Eligibility requirements

The applying entity must be a constitutional corporation and intend to be a trustee of:

  • an approved deposit fund
  • a public offer superannuation fund
  • 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.

Prerequisites

Might Need

Australian Financial Services Licence

Duration

Ongoing unless revoked

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Please consult the Contact Officer for information on fees to be submitted.

Forms

Other resources

Task Business Structure Resources
Comply All Standard Additional RSE Licence Conditions - PDF (Opens in new window)

Act(s) name

Superannuation Industry (Supervision) Act 1993 Australian Government

Regulation(s) name

Superannuation Industry (Supervision) Regulations 1994 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.