regulated superannuation fund

under the Superannuation Industry (Supervision) or SIS legislation, a fund is eligible to receive the taxation concessions only if it is classed as a regulated superannuation fund and meets specified standards of operation.

A regulated superannuation fund is one which:

elects to comply with the SIS legislation;

has either a corporate trustee or pays retirement benefits as pensions;

is a superannuation, pension, provident or benefit fund that is indefinitely continuing.

See also complying superannuation fund , corporate trustee , election to be regulated , registrable superannuation entity , superannuation fund or plan or scheme , Superannuation Industry (Supervision) Act