OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

PART II - SUPERANNUATION FUNDS  

Division 1 - General  

REGULATION 16B   PROHIBITION ON NEW IN-HOUSE ASSET ACQUISITIONS  

16B(1)   [ Prescribed standard ]  

For the purposes of subsection 7(1) of the Act, the standard in subregulation (2) is prescribed in relation to the investment of the assets of a superannuation fund.

16B(2)   [ Restriction on investment in new in-house assets ]  

Investment of the assets of a fund in an in-house asset must not be made if:

(a) the market value of in-house assets of the fund already exceeds 5 % of the market value of all assets of the fund; or

(b) in consequence of the investment, the market value of in-house assets of the fund would exceed 5 % of the market value of all assets of the fund.