Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies to an Australian financial services licensee if, just before the commencement day:
(a) the licensee's Australian financial services licence authorised the licensee to deal in a superannuation product; and
(b) the licensee was also an RSE licensee.
(2) The licensee's Australian financial services licence is
taken from the commencement day to be subject to a condition authorising the
licensee to provide a superannuation trustee service.