Australia Superannuation Industry (Supervision) Act 1993 (Cth)
What is Australia Superannuation Industry (Supervision) Act 1993 (Cth)?
The entity and trustee duties under Australia's Superannuation Industry (Supervision) Act 1993 (Cth): the full trustee and director covenant set including the best financial interests, investment, insurance and risk management duties and the retirement income strategy; the sole purpose test; related-party dealing, borrowing and in-house asset limits; arm's length dealing; RSE licence conditions and MySuper authority; governance structure; and notification to APRA and the Commissioner of Taxation. It comprises 21 controls organised across 5 domains, and applies in Australia: Commonwealth.
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What is Australia Superannuation Industry (Supervision) Act 1993 (Cth)?
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