Financial Sector Legislation Amendment (Simplifying Regulation and Review) Act 2007 (154 of 2007)

Schedule 1   Streamlining prudential regulation

Part 3   Amendments commencing 12 months after Royal Assent

Superannuation Industry (Supervision) Act 1993

247   Section 29DB

Repeal the section, substitute:

29DB Notice of class of licence

If APRA decides to grant an RSE licence to a body corporate or group of individual trustees, APRA must give the body corporate or group an RSE licence that specifies the class of licence granted.