abbrev. RSE licence, the licence granted by APRA under section 29D of SIS to trustees of APRA regulated superannuation entities and with which the holder can act as the trustee of an RSE. Trustees of self managed superannuation funds (SMSFs) and public sector superannuation schemes are not required to hold an RSE licence.
There are two classes of RSE trustee licences:
To hold a public offer entity licence the trustee must be a body corporate that is a constitutional corporation.