Commonwealth Consolidated Acts

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Meaning of provides a superannuation trustee service

             (1)  A person provides a superannuation trustee service if the person operates a registrable superannuation entity as trustee of the entity.

Note 1:       The meaning of person here is affected by section 761FA (about multiple trustees).

Note 2:       To determine whether a person to whom the service is provided is a retail client, see subsection 761G(6).

             (2)  However, the following do not constitute the provision of a superannuation trustee service :

                     (a)  the operation of an exempt public sector superannuation scheme;

                     (b)  conduct of a kind prescribed by regulations made for the purposes of this paragraph.

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