Commonwealth Numbered Acts Commonwealth Numbered Acts(1) The capital requirements under this section are met by an applicant if it satisfies at least one of the following subsections.
(2) An applicant satisfies this subsection if it satisfies subsection 29DA(2) of the Superannuation Industry (Supervision) Act 1993 .
(3) An applicant satisfies this subsection if:
(a) it satisfies subsection 29DA(3) of the Superannuation Industry (Supervision) Act 1993 because it is entitled to the benefit of an approved guarantee (within the meaning of that Act); and
(b) the approved guarantee is also in respect of its duties as trustee of each FHSA trust of which it is, or is proposing to become, the trustee.
(4) An applicant satisfies this subsection if:
(a) it satisfies subsection 29DA(4) of the Superannuation Industry (Supervision) Act 1993 because it is entitled to the benefit of an approved guarantee (within the meaning of that Act); and
(b) the approved guarantee is also in respect of its duties as trustee of each FHSA trust of which it is, or is proposing to become, the trustee.
(5) An applicant satisfies this subsection if:
(a) it satisfies subsection 29DA(5) of the Superannuation Industry (Supervision) Act 1993 ; and
(b) it has agreed, in writing, to comply with written requirements that have been given to it by APRA; and
(c) the written requirements relate to the custody of the assets of each FHSA trust of which it is, or is proposing to become, the trustee.