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.
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