Treasury Laws Amendment (Improving Accountability and Member Outcomes in Superannuation Measures No. 1) Act 2019 (40 of 2019)

Schedule 5   APRA directions power

Superannuation Industry (Supervision) Act 1993

2A   Subsection 10(1) (definition of connected entity)

Repeal the definition, substitute:

connected entity , in relation to an RSE licensee of a registrable superannuation entity, means:

(a) an associated entity (within the meaning of the Corporations Act 2001) of the RSE licensee; and

(b) if the RSE licensee is a group of individual trustees - an entity that has the capacity to determine or influence decisions made by one or more members of the group in relation to the registrable superannuation entity; and

(c) any other entity of a kind prescribed by the regulations.