Australia Superannuation Industry (Supervision) Act 1993 (Cth)
Sole purpose, related-party dealing, borrowing and in-house assets – Australia Superannuation Industry (Supervision) Act 1993 (Cth)

Australia Superannuation Industry (Supervision) Act 1993 (Cth) s66: s 66 Do not acquire an asset from a related party except within the stated exceptions

A superannuation fund's trustee, or its investment manager, is barred from knowingly buying a related party's asset into the fund (s 66(1)), unless it is a listed security bought at market price, business real property bought at market price by a 6-member-or-fewer fund, came in through a fund merger, is of a kind the Regulator has determined may be acquired, is acquired at market value within the in-house asset cap for limited categories such as a life policy, or falls within a relationship-breakdown exception (s 66(2), (2A), (2B)).

Maintained by Gerard Blokdyk

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