Application and commencement

Application and commencement

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. This Prudential Standard specifies:

(a) the fitness and propriety criteria for the purposes of certain provisions of the SIS Act[2]; and

(b) the eligibility criteria for RSE auditors and RSE actuaries for the purposes of the SIS Act.[3]

5. This Prudential Standard commences on 30 June 2024.