Interpretation

For the purposes of these instructions:

• defined benefit RSE means an RSE that is a defined benefit fund within the meaning given in Prudential Standard SPS 160 Defined Benefit Matters;

• eligible rollover fund (ERF) has the meaning given in section 10(1) of the SIS Act and, in relation to the period between 1 July 2013 and 31 December 2013, includes an existing ERF within the meaning given in section 391 of the SIS Act;

• the most proximate investment means the closest investment, in the relevant chain of investments, to the ultimate investment[7];

• person connected with an RSE licensee has the meaning in subsection 13(4C) of the Financial Sector (Collection of Data) Act 2001, namely:

(a) a related body corporate of the RSE licensee; or

(b) a custodian in relation to assets, or assets derived from assets, of the RSE licensee's RSEs, and in relation to the RSE licensee or a related body corporate of the RSE licensee; or

(c) a person who, under a contract or other arrangement with:

(i) the RSE licensee; or

(ii) a related body corporate of the RSE licensee; or

(iii) a custodian in relation to assets, or assets derived from assets, of the RSE licensee's RSEs, and in relation to the RSE licensee or a related body corporate of the RSE licensee;

invests assets, or assets derived from assets, of the RSE licensee's RSEs;

• pooled superannuation trust (PST) has the meaning given in section 10(1) of the SIS Act;
• RSE means a registrable superannuation entity as defined in section 10(1) of the SIS Act that is not a defined benefit RSE, PST, ERF, small APRA fund or single member approved deposit fund[8];
• RSE licensee has the meaning given in section 10(1) of the SIS Act;
• SIS Act means Superannuation Industry (Supervision) Act 1993;
• SIS Regulations means Superannuation Industry (Supervision) Regulations 1994; and
• ultimate investment means an investment of assets, or assets derived from assets, of an RSE of an RSE licensee excluding an investment in an interposed entity.