Superannuation Industry (Supervision) Act 1993

There are to be classes of RSE licences.

One class of RSE licences is to be a class that enables a trustee that holds a licence of that class to be a trustee of:

any public offer entity; and

any other registrable superannuation entity included in a class of registrable superannuation entities specified in regulations made for the purposes of this subsection;

An RSE licence of this class is called a public offer entity licence: see subsection 10(1).

Only constitutional corporations may hold public offer entity licences: see paragraph 29D(1)(g).

Another class of RSE licences is to be a class that enables a trustee that:

holds a licence of that class; or

is a member of a group of individual trustees that holds a licence of that class;

The regulations may provide for other classes of RSE licences. For each such class, the regulations must specify the classes of registrable superannuation entities of which a trustee that:

holds a licence of that class; or

is a member of a group of individual trustees that holds a licence of that class;

The classes of registrable superannuation entity that the regulations may specify in relation to a particular class of RSE licence may include one or more classes of registrable superannuation entity that the regulations specify in relation to another class of RSE licence.