Definitions for "Regulated Superannuation Fund"
Superannuation is generally regulated (controlled) by the Superannuation Industry (Supervision) Act 1993 (the SIS Act). A regulated superannuation fund is a fund which has elected (applied) to be regulated under the SIS Act. In return for agreeing to comply with the requirements of the Act, the fund receives certain tax concessions. Most superannuation funds in Australia are regulated superannuation funds. See section 19 of the Superannuation Industry (Supervision) Act 1993
A fund in which the trustee is a constitutional corporation or a fund with the sole purpose of paying a pension and where the trustee of the fund has elected for the fund to be a regulated superannuation fund by notice to the Australian Prudential Regulation Authority (APRA).
A fund receives tax concessions if it is a Regulated Superannuation Fund under the SIS legislation and operates under those provisions.