APRA Regulated Public Offer Fund
A public offer fund is a superannuation fund that can be joined by members of the
public. It is a regulated fund consisting of pooled superannuation sold commercially,
for example, through life companies, bank subsidiaries or financial planners.
This category includes master trusts (where a large number of unconnected individuals
or companies operate their superannuation arrangements under a single common trust
deed) and personal superannuation products.