RSE licensees must ensure auditor and actuary appointments meet prudential standards eligibility and disqualification criteria, maintain necessary arrangements for performance, and terminate appointments promptly on loss of eligibility under sections 35AC and 35AD. SMSF trustees must prepare and sign accounts and statements, appoint approved SMSF auditors within regulated periods, provide documents on request, and lodge returns in approved form within reporting periods under sections 35B to 35D. Trustees must formulate and give effect to investment, insurance, risk management and retirement income strategies having regard to the matters in sections 52(6) to 52(8B), conduct annual outcomes assessments, and notify beneficiaries of fail assessments under section 60E. Equal representation must be maintained with independent appointments where permitted under Part 9. Insurance must not be provided for low-balance or under-25 members without election, and MySuper benefits must be provided unless elected otherwise under sections 68AA to 68AAF. Fees must comply with cost-recovery, attribution and cap rules under Part 11A. Investment must be on arm’s length terms under section 109. Disqualified persons must not act and must notify immediately under section 126K. Annual members’ meetings must be held with required notices, attendance and minutes under section 29P. Trustees of registrable superannuation entities must apply for and maintain an RSE licence meeting fitness and propriety requirements under prudential standards under section 29D, notify changes in composition or control within 14 days under section 29E, and ensure each registrable entity is registered under section 29K. Applications for MySuper authority must include elections to transfer accrued default amounts, transfer assets on cancellation, and not charge for conflicted remuneration under sections 29S to 29SAC, and must satisfy the characteristics in section 29TC. Trustees must ensure payments and information are dealt with in compliance with data and payment regulations and standards under section 34M, retain accounting records in Australia or approved country in English or convertible form under section 35A(2), notify APRA of record addresses within 28 days under section 35A(4) to 35A(5), appoint eligible auditors and actuaries under sections 35AC to 35AD, prepare and sign financial statements under section 35B, and lodge annual returns under section 35D. For SMSFs, trustees must prepare statements of financial position and operating statements under section 35B, appoint an approved SMSF auditor under section 35C, and lodge returns within the reporting period under section 35D. Trustees must embed the covenants in governing rules, formulate and review investment, insurance, risk and retirement income strategies, conduct annual outcomes assessments for larger funds, and promote financial interests under sections 52 to 52AA. They must monitor in-house asset historical cost and market value ratios, prepare disposal plans where the market value ratio exceeds 5 per cent under section 82, and prohibit acquisitions that would cause the ratio to exceed 5 per cent under section 83. For insurance, trustees must cease benefits on inactive, low-balance or under-25 accounts unless written elections are obtained and maintained, with employer-sponsor contribution exceptions under section 68AAE or dangerous occupation elections under section 68AAF published on the trustee website and notified to APRA and members. Trustees must not supply goods or services to influence employer choice of fund under section 68A and must not promote illegal early release schemes under section 68B. Voting provisions in governing rules that preclude directors or trustees from voting on fund matters are void except in specified conflict cases under sections 68C to 68D. Limited recourse borrowing must meet the single acquirable asset, trust holding, limited recourse and no other charges conditions under section 67A(1), with replacement asset rules applying recursively under section 67B. Trustees must ensure equal representation or approved alternative arrangements under Part 9, charge fees only as permitted and on a cost-recovery basis where required under Part 11A, maintain AFCA membership and internal dispute resolution under section 101, and keep minutes, records of decisions and member reports for 10 years under sections 103 to 105. Disqualified persons must resign immediately and notify the Regulator under section 126K. All entities must comply with the general administration allocation under section 6. RSE licensees must apply in approved form with prescribed fee, disclose changes while pending, and satisfy APRA that they will comply with RSE licensee law, Chapter 2M of the Corporations Act 2001, prudential standards on fitness and propriety, and for non-corporate applicants that the entity’s sole or primary purpose is old-age pensions under sections 29C and 29D. Trustees must ensure records correctly record and explain transactions and financial position, enable preparation of reporting documents and convenient audit, retain them for the required period, keep them in Australia or approved country in English or convertible form, and notify APRA of the address within 28 days under section 35A. Auditors and actuaries must meet prudential standard eligibility criteria and not be disqualified under sections 35AC and 35AD. Trustees must take reasonable steps to ensure compliance with in-house asset ratio limits and prepare and implement plans where market value ratio exceeds 5 per cent under sections 82 and 84(1). Employers must pay deducted amounts to the trustee or approved clearing house within 28 days after month-end under section 64(2) to 64(2A). Trustees must establish and publish procedures for appointing and removing member representatives and independent trustees or directors under sections 107 and 108, identify and merge multiple accounts where in members’ best interests under section 108A, and notify the Regulator immediately of significant adverse events under section 106. New or continuing self-managed superannuation fund trustees or directors must sign declarations of understanding duties within 21 days under section 104A. All dealings must be on an arm’s length basis under section 109. Trustees must ensure governing rules contain or are taken to contain all required covenants under sections 52 to 52C and any prescribed under section 54A. Obtain APRA authorisation under section 29T before offering a MySuper product and maintain section 29TC characteristics. Charge only permitted fee types under section 29V and satisfy one of the charging rules in section 29VA including cost-recovery for activity and insurance fees and section 99G low-balance caps. Maintain equal numbers of employer and member representatives or comply with alternative agreed representation or APRA-approved arrangements under sections 89 to 93A with published appointment and removal rules. Keep in-house assets below applicable historical cost and market value ratios under sections 76 to 82 and prepare disposal plans where market value ratio exceeds 5 per cent under section 82. Comply with operating, prudential and data standards at all times under sections 34, 34C and 34M. Ensure arm’s length terms for all investments and dealings under section 109. Maintain 10-year records of minutes, decisions, trustee changes, member reports and SMSF declarations under sections 103 to 105 and 104A. Notify significant adverse events immediately under section 106 and SMSF status changes within 21 days under section 106A. Hold annual members’ meetings with required notice and minutes under section 29P. Obtain written consents for appointments under section 118. For SMSFs formulate, review and give effect to investment and prudential reserves strategies having regard to risk, return, diversification, liquidity and liabilities under section 52B(2)(f) to 52B(2)(g). For large employer MySuper products, specify the employer in governing rules under section 29TB and direct undirected contributions accordingly under section 29WB, retaining written directions and records. Ensure the entity meets complying fund criteria under sections 42 to 44, including the culpability test where contraventions occur. For Part 6A products, ensure requirements on returns and benchmarks are met. Notify beneficiaries of fail assessments within 28 days and restrict new beneficiaries after two consecutive fails. Establish equal representation structures under section 89 or approved alternatives under sections 92 and 93, with rules for appointing and removing representatives under sections 107 and 108. Charge only permitted fees under section 29V, apply charging rules uniformly under section 29VA, charge activity and insurance fees on cost-recovery basis under section 29VC, and apply low-balance caps under section 99G with pro-rata calculations and refunds. Join the AFCA scheme, maintain internal dispute resolution procedures meeting Corporations Act standards, retain minutes, trustee change records, member reports and declarations for 10 years, and notify significant adverse events immediately under section 106. Monitor in-house asset historical cost and market value ratios, deem arm’s length values under section 73, and avoid new acquisitions exceeding 5 per cent under section 83. For members under 25, obtain written elections before providing insurance benefits or apply exceptions under sections 68AAE and 68AAF with actuarial certification and member notifications. For MySuper members, ensure permanent incapacity and death benefits are provided by insurance unless conditions are not met or opt-out elections are obtained under section 68AA. Notify APRA of changes in composition or control, and the Commissioner of Taxation of self managed superannuation fund status changes under section 106A. For data and payment standards, comply with regulations and Commissioner instruments on transactions, reports and identifiers, and respond to Regulator directions within the specified period. Ensure governing rules contain or are taken to contain the section 52B(2) covenants and directors must sign declarations under section 104A(2) within 21 days of becoming trustee or director after 30 June 2007, retaining them for at least 10 years. RSE licensees must apply for authority in approved form under section 29S, satisfy section 29TC characteristics, and direct undesignated contributions in writing under sections 29WA(4) and 29WB(4). Trustees must formulate investment strategies under section 52B(2)(f) having regard to whole circumstances including risk, return, diversification, liquidity and liabilities, and prudential management strategies for reserves under paragraph (g). For MySuper, charge only permitted fees under section 29V and satisfy one of the charging rules in section 29VA. Maintain accounting records under section 35AE(1) enabling audit and retain for five years in Australia in English or convertible form. Appoint approved SMSF auditors within the regulatory period under section 35C(1) and provide documents within 14 days. Lodge annual returns in approved form within the reporting period under section 35D(1). Establish procedures for member representative appointments under sections 107 and 108 ensuring removal only by equivalent procedure. Ensure arm’s length dealing under section 109(1) or terms no more favourable than arm’s length. For in-house assets, calculate market value ratios under section 75 and dispose of excess within prescribed periods. Publish dangerous occupation elections on websites and notify APRA under section 68AAF(5). Provide written reasons for decisions under section 101(1B) as specified by ASIC legislative instrument. Notify the Regulator immediately of events with significant adverse effect under section 106(1). Trustees must lodge approved-form elections under section 19(4) with the Commissioner of Taxation and retain records for seven years for RSE or five years for SMSF in Australia in English or convertible form under sections 35A(1A) to 35A(2) and 35AE(2). RSE licensees must apply in approved form with prescribed fees, notify changes in directors or trustees, and ensure ABN inclusion in documents under sections 29C(4) and 29DC. Trustees must formulate written investment, insurance, risk management and retirement income strategies addressing prescribed factors, conduct and publish annual outcomes assessments within 28 days, and allow member elections for insurance continuation under sections 52(6) to 52(9), 52AA and 68AAA(2). For limited recourse borrowing, ensure money is applied solely to a single acquirable asset held on trust with beneficial interest and limited lender rights under section 67A(1). Maintain in-house assets below prescribed limits, excluding permitted classes under sections 71 to 72. Appoint eligible auditors and actuaries not disqualified under sections 130D or 130EA, provide documents within 14 days of request, and lodge returns within reporting periods under sections 35AC, 35C and 35D. Ensure payments and information comply with data and payment standards, retain declarations under section 11C for five years, and notify APRA of address changes within 28 days under sections 34M and 35A(4). For public offer elections or APRA declarations, use approved forms and comply with any conditions under sections 18(3) and 18(7B). Trustees must notify the Regulator immediately of disqualified person status and ensure no disqualified persons act in prohibited roles under section 126K(7). For arm’s length investments, document terms as no more favourable than arm’s length equivalents under section 109(1A).