AUSTRALIA - The Australian Prudential Regulation Authority (APRA) has removed the corporate trustee for the Smith Group Superannuation Fund on the basis that it was operating the fund under a structure not compliant with super legislation.
APRA said Reno Auto Sales (Holdings) Pty Ltd was replaced by Melbourne-based PPB Corporate Services Pty Ltd as the acting trustee of the fund pursuant to section 133 of the Superannuation Industry ...
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