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.