Superannuation Industry (Supervision) Act 1993

PART 8 - IN-HOUSE ASSET RULES APPLYING TO REGULATED SUPERANNUATION FUNDS  

Division 3 - Market value ratio of fund's in-house assets  

SECTION 83   CERTAIN NEW IN-HOUSE ASSET INVESTMENTS PROHIBITED  

83(1)   [Application of section]  

This section applies to a regulated superannuation fund.

83(2)   [Market value ratio exceeds 5%]  

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.

83(3)   [Market value ratio does not exceed 5%]  

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%.

83(4)   [Investment, loan, lease, etc]  

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.