Application

2. This Prudential Standard applies to all registrable superannuation entity (RSE) licensees (RSE licensees) under the SIS Act.[1]

3. All RSE licensees must comply with this Prudential Standard in its entirety, unless otherwise expressly indicated.

4. For the purposes of this Prudential Standard, a reference to the ‘Board’ is to be read as a reference to the Board of directors or group of individual trustees of an RSE licensee.[2]

5. For the purposes of this Prudential Standard, references to an RSE auditor or an RSE actuary are taken to be references to an RSE auditor or an RSE actuary that an RSE licensee must appoint under RSE licensee law.[3]

6. This Prudential Standard sets out the minimum requirements that an RSE licensee must meet in the interests of promoting strong and effective governance.

7. This Prudential Standard commences on 30 June 2024.