Superannuation Industry (Supervision) Regulations 1994
PART 4
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MANAGEMENT AND TRUSTEESHIP OF SUPERANNUATION ENTITIES
Division 4.2
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Operating standards
REGULATION 4.09A
OPERATING STANDARD
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MONEY AND OTHER ASSETS TO BE KEPT SEPARATE (SELF MANAGED SUPERANNUATION FUNDS)
4.09A(1)
For subsection 31(1) of the Act, the standard stated in subregulation (2) applies to the operation of regulated superannuation funds.
4.09A(2)
A trustee of a regulated superannuation fund that is a self managed superannuation fund must keep the money and other assets of the fund separate from any money and assets, respectively:
(a) that are held by the trustee personally; or
(b) that are money or assets, as the case may be, of a standard employer-sponsor, or an associate of a standard employer-sponsor, of the fund.
[ CCH Note: Pt 4 is to have effect, in relation to regulated superannuation funds, and their trustees, as if it were modified by inserting reg 4.08A - see Modification Declaration No 10 under reg 4.08A .]
For subsection 31(1) of the Act, the standard stated in subregulation (2) applies to the operation of regulated superannuation funds.
4.09A(2)
A trustee of a regulated superannuation fund that is a self managed superannuation fund must keep the money and other assets of the fund separate from any money and assets, respectively:
(a) that are held by the trustee personally; or
(b) that are money or assets, as the case may be, of a standard employer-sponsor, or an associate of a standard employer-sponsor, of the fund.
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