Commonwealth Consolidated Acts

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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 83

Certain new in - house asset investments prohibited

  (1)   This section applies to a regulated superannuation fund.

  (2)   If the market value ratio of the fund's in - house assets exceeds 5%, a trustee of the fund must not acquire an in - house asset.

  (3)   If the market value ratio of the fund's in - house assets does not exceed 5%, a trustee of the fund must not acquire an in - house asset if the acquisition would result in the market value ratio of the fund's in - house assets exceeding 5%.

  (4)   For the avoidance of doubt, a reference in this section to acquiring an in - house asset includes a reference to making an investment or a loan, or entering into a lease or a lease arrangement, if the resulting loan or investment, or the asset subject to the lease or the lease arrangement, would be an in - house asset.



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