Superannuation Industry (Supervision) Act 1993

The regulations may prescribe standards applicable to the operation of pooled superannuation trusts (trusts) and to trustees and RSE licensees of those trusts.

The standards that may be prescribed include, but are not limited to, standards relating to the following matters:

the circumstances in which units in trusts may be acquired;

the ownership and disposal of units in trusts;

the investment of assets of trusts and the management of the investment;

the requirements relating to fitness and propriety for RSE licensees of trusts and trustees of trusts;

the persons who may be trustees of trusts;

the number of trustees, and the composition of boards or committees of trustees, of trusts;

the keeping and retention of records in relation to trusts;

the financial and actuarial reports to be prepared in relation to trusts;

the disclosure of information to unit‑holders in trusts;

the disclosure of information about trusts to the Regulator;

the disclosure of information about trusts to persons other than unit‑holders or the Regulator;

the financial position of trusts;

the outsourcing arrangements relating to the operation of trusts;

the adequacy of resources (including human resources, technical resources and financial resources) of, or available to, trustees of trusts;

the funding and solvency of trusts.