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.