(1) A person provides a superannuation trustee service if the person operates a registrable superannuation entity as trustee of the entity.
Note 1: The meaning of person here is affected by section 761FA (about multiple trustees).
Note 2: To determine whether a person to whom the service is provided is a retail client, see subsection 761G(6).
(2) However, the following do not constitute the provision of a superannuation trustee service :
(a) the operation of an exempt public sector superannuation scheme;
(b) conduct of a kind prescribed by regulations made for the purposes of this paragraph.