Superannuation Industry (Supervision) Regulations 1994
PART 4
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MANAGEMENT AND TRUSTEESHIP OF SUPERANNUATION ENTITIES
Division 4.2
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Operating standards
REGULATION 4.10A
OPERATING STANDARD
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OWNERSHIP OF UNITS IN A PST
4.10A(1)
[
Application of standard
]
[ CCH Note: Pt 4 is to have effect, in relation to regulated superannuation funds, and their trustees, as if it were modified by inserting reg 4.08A - see Modification Declaration No 10 under reg 4.08A . ]
For paragraph 33(2)(aa) of the Act, the standard stated in subregulation (2) is applicable to a registrable superannuation entity that is a PST.
4.10A(2)
[
Acquisition of units
]
A trustee of the registrable superannuation entity must not offer ownership of units in the registrable superannuation entity unless the registrable superannuation entity is registered under Part 2B of the Act.