4.11
CurrentOperating standard—investment by non‑complying approved deposit funds
Volume 1Parts 1 to 14 (regulations 1.01 to 14.39)
Part 4Management and trusteeship of superannuation entities
Division 4.2Operating standards
4.11 Operating standard—investment by non‑complying approved deposit funds
For the purposes of subsection 32(1) of the Act, it is a standard applicable to the operation of approved deposit funds that, if APRA gives a notice to the trustee of an entity stating that the entity is not a complying approved deposit fund, the trustee must take all reasonable steps to immediately dispose of any units held by the trustee in a PST, unless APRA otherwise directs.
This Act’s bill:Explanatory statement
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