Commonwealth Consolidated Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 29M

  (1)   APRA must register a registrable superannuation entity if, and only if:

  (a)   the application for registration complies with section   29L; and

  (b)   the applicant has provided to APRA all information that the applicant was requested, under section   29LA, to provide, or the request has been disposed of; and

  (c)   APRA is satisfied that nothing in the governing rules of the entity conflicts with Part   6; and

  (e)   the applicant for registration holds an RSE licence that enables:

  (i)   if the applicant is a body corporate--the body corporate; or

  (ii)   if the applicant is a group of individual trustees--each member of the group;

    to be a trustee of that entity.

  (2)   Otherwise APRA must refuse to register the entity.