Superannuation (prudential standard) determination No. 1 of 2022
Adjustments and exclusionsAdjustments and exclusions
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Adjustments and exclusions
7. APRA may adjust or exclude a specific requirement in this Prudential Standard in relation to:
(a) a particular RSE licensee of an RSE;
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1 For the purposes of this Prudential Standard, ‘RSE licensee’ has the meaning given in section 10(1) of the SIS Act.
2 Refer to Prudential Standard SPS 160 Defined Benefit Matters for additional requirements applying to RSE licensees that are permitted to self-insure insurance benefits and to regulation 4.07E(8) of the Superannuation Industry (Supervision) Regulations 1994 which exempts defined benefit funds, that self-insure on 1 July 2013, from the general prohibition on self-insurance (subject to certain conditions).
3 For the purposes of this Prudential Standard, a reference to ‘beneficiaries’ is a reference to ‘beneficiaries of an RSE within the RSE licensee’s business operations’.