An RSE licensee seeks APRA's authority before offering a MySuper product (s 29S) and must hold that authority ahead of any such offer (s 29T). For each class of beneficial interest offered as a MySuper product, the governing rules must provide for a single diversified investment strategy for assets attributed to that class; equal access to options, benefits and facilities for members of that class (other than risk insurance benefits); no streaming of gains or losses to only some members, subject to permitted lifecycle variation; the same process for attributing amounts, subject to permitted fee subsidisation or the s 99G low-balance fee cap; employer fee subsidisation that must not favour one worker of that employer at the expense of a workmate; only permitted limits on contribution source or kind; restricted ability to switch a member out of the class without consent or a prescribed death-related exception; restricted transfer of the interest to another entity; and no pension payable from assets attributed to that class except as permitted (s 29TC(1)). Division 6 of Part 2C (ss 29VN to 29VPA), an earlier MySuper-related set of provisions, was repealed by Act No. 40 of 2019 and is not a current duty.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.