Authorized Superannuation Funds
Objective of the Superannuation and Life Insurance Supervision Department
The Superannuation and Life Insurance Supervision Department (SLISD) has primary responsibility for the supervision and the sound prudential management enforcement of the authorized superannuation funds (ASFs) and life insurance companies (LICs) of the financial system. ASFs include trustees, investment managers and fund administrators. LICs include life insurance companies and life insurance brokers.
Superannuation Regulation:
- Superannuation Regulation 2002
- Superannuation Regulation (Amendment) 2004
- Superannuation Regulation (Amendment) 2008
Introduction
The legislation governing superannuation is the Superannuation (General Provisions) Act 2000. Superannuation is saving for retirement. An Authorized Superannuation Fund (ASF) must have a;
- Licensed Trustee
- Licensed Investment Manager
- Licensed Fund Administrator
The principal function of the Central Bank under this Act is protection of the rights and interest of contributors.
- List of Licensed Superannuation Funds, Fund Administrators & Investment Managers
- Superannuation (General Provisions) Act 2000
- Superannuation (General Provisions) (Amendment) Act 2002
- Superannuation (General Provisions)(Amendment) Act 2004
- Superannuation (General Provision)(Amendment) Act 2007
- Superannuation (General Provisions) (Amendment) Act 2013
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Prudential Standards
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- PS 1/2014 Authorised Superannuation Fund Investments
- PS 3/2008 Financial Statements Format Disclosure Requirements
- PS 5/2008 External Audits
- PS 6/2008 Fit and Proper Requirements
- PS 7/2012 Superannuation Prudential Standard Corporate Governance
- PS 8/2014 Superannuation Prudential Standard Risk Management
- SPS 9-2019 Superannuation Prudential Standard Outsourcing