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This document outlines the competency standards that approved SMSF auditors must comply with under the Superannuation Industry (Supervision) Act 1993, detailing required competencies, knowledge requirements,
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How to fill out Australian Securities and Investments Commission Superannuation Industry (Supervision) Act 1993 — Section 128Q — Determination

01
Obtain the Australian Securities and Investments Commission (ASIC) Superannuation Industry (Supervision) Act 1993 — Section 128Q — Determination form.
02
Read the instructions provided with the form carefully to understand the requirements.
03
Gather all necessary documentation and information that supports your application.
04
Fill out the personal and organizational details as required in the form.
05
Provide a clear and concise explanation of the reasons for the determination request.
06
Attach all supporting documents to the filled form before submission.
07
Submit the completed form and supporting documents to the relevant ASIC department either online or via post.
08
Keep a copy of the submitted form and any correspondence for your records.

Who needs Australian Securities and Investments Commission Superannuation Industry (Supervision) Act 1993 — Section 128Q — Determination?

01
Superannuation funds seeking a determination on specific issues under the Superannuation Industry (Supervision) Act.
02
Trustees and responsible entities managing superannuation funds who need clarification on compliance obligations.
03
Professionals providing advice to clients in the superannuation sector regarding regulatory requirements.
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The Australian Securities and Investments Commission Superannuation Industry (Supervision) Act 1993 — Section 128Q — Determination outlines the criteria and process for assessing specific applications or requests made under the Act, focusing on the compliance and operational standards for superannuation funds.
Superannuation fund trustees and those managing superannuation schemes are typically required to file the determinations under Section 128Q of the Superannuation Industry (Supervision) Act 1993.
To fill out the Section 128Q determination, one must complete the relevant forms provided by the Australian Securities and Investments Commission, ensuring that all required details about the superannuation fund's operations, compliance measures, and financial data are accurately reported.
The purpose of Section 128Q is to ensure that superannuation funds operate in compliance with regulatory standards and to protect the interests of members by ensuring transparency in fund management and operations.
The information that must be reported includes details about financial performance, compliance with investment strategies, risk management practices, and any breaches or regulatory issues encountered by the superannuation fund.
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