{"id":"C2004L06223","name":"Superannuation Industry (Supervision) (Approval of Trustees) Regulations","slug":"superannuation-industry-supervision-approval-of-trustees-regulations","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"373 of 1993","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":28113,"registerId":"commonwealth-C2004L06223-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Superannuation Industry (Supervision) (Approval of Trustees) Regulations","content":"![](image.001.png)\n\nStatutory Rules 1993 No. 3731\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nSuperannuation Industry (Supervision) (Approval of Trustees) Regulations\n\nI, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Superannuation Industry (Supervision) Act 1993.\n\nDated 22 December 1993.\n\nBILL HAYDEN\n\nGovernor-General\n\nBy His Excellency’s Command,\n\nGARY JOHNS\n\nParliamentary Secretary to the Treasurer\n\nfor the Treasurer\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nCitation\n\n1. These Regulations may be cited as the Superannuation Industry (Supervision) (Approval of Trustees) Regulations.\n\n> Note: \\[NOTE: These Regulations commence on gazettal: see Acts Interpretation Act 1901, s. 48.\\]\n\nInterpretation\n\n2. (1) In these Regulations:\n\n“the Act” means the Superannuation Industry (Supervision) Act 1993.\n\nApplication for approval of trustees\n\n3. For the purposes of paragraph 23 (2) (c) of the Act, the prescribed amount of an application fee is $500.\n\nDeciding an application for approval as a trustee\n\n4. For the purposes of subparagraphs 26 (1) (b) (i) and (ii) of the Act, the amount of $5,000,000 is prescribed.\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nNOTE\n\n> Note: 1. Notified in the Commonwealth of Australia Gazette on 24 December 1993.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1407},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This is the original 1993 regulation establishing baseline financial thresholds for trustee approval. The scope remains strictly limited to setting the prescribed application fee ($500) and financial amount ($5 million) as authorised by the enabling Act, with no expansion beyond this original purpose."},"complexity_factors":["Only 4 regulations total (citation, interpretation, and two substantive provisions)","Single defined term ('the Act')","No conditional logic, exceptions, or procedural rules","Straightforward monetary prescriptions without cross-referencing"],"plain_english_summary":"These regulations set two specific dollar amounts for the process of approving trustees of superannuation funds (the people or companies that manage super funds).\n\n**What it does:**\n*   Sets a **$500 application fee** for entities applying to become an approved trustee under the Superannuation Industry (Supervision) Act.\n*   Prescribes an amount of **$5 million** relating to the financial requirements for trustee approval (this likely refers to the value of a required guarantee or minimum assets that trustees must hold).\n\n**Who it affects:**\nCompanies or organisations seeking approval to act as trustees for superannuation funds, and the government bodies (currently APRA) that regulate them.\n\n**Why it matters:**\nIt establishes the cost of entry and the level of financial backing required to become a super fund trustee, helping ensure only financially viable entities can manage Australians' retirement savings."}},"importantCases":[],"_links":{"self":"/api/acts/superannuation-industry-supervision-approval-of-trustees-regulations","history":"/api/acts/superannuation-industry-supervision-approval-of-trustees-regulations/history","analysis":"/api/acts/superannuation-industry-supervision-approval-of-trustees-regulations/analysis","conflicts":"/api/acts/superannuation-industry-supervision-approval-of-trustees-regulations/conflicts","importantCases":"/api/acts/superannuation-industry-supervision-approval-of-trustees-regulations/important-cases","documents":"/api/acts/superannuation-industry-supervision-approval-of-trustees-regulations/documents"}}