Superannuation Industry (Supervision) Regulations 1994

Reg 13.18A(1) amended by FRLI No F2024L01610, reg 4 and Sch 1 items 5 and 6, by substituting " For the purposes of " for " (1) For " and repealing para (a), effective 10 December 2024. Para (a) formerly read:

(a) the supply of a business loan to a person by a trustee, or an associate of a trustee, of a regulated superannuation fund, that is supplied:

(i) on condition that the person be a member of the fund; and

(ii) on a commercial arm ' s length basis;

Reg 13.18A(1) amended by FRLI No F2021L01076, reg 4 and Sch 2 items 1 and 2, by substituting " the person. " for " the person; " in para (c)(ii) and repealing para (d), applicable where any of the following occur on or after 6 August 2021: (a) a trustee of a regulated superannuation fund, or an associate of a trustee of a regulated superannuation fund: (i) supplies, or offers to supply, goods or services to a person, or a relative or associate of a person; or (ii) supplies, or offers to supply, goods or services to a person, or a relative or associate of a person, at a particular price; or (iii) gives or allows, or offers to give or allow, a discount, allowance, rebate or credit in relation to the supply, or the proposed supply, of goods or services to a person, or a relative or associate of a person; (b) a trustee of a regulated superannuation fund, or an associate of a trustee of a regulated superannuation fund, refuses to: (i) supply, or offer to supply, goods or services to a person, or a relative or associate of a person; or (ii) supply, or offer to supply, goods or services to a person, or a relative or associate of a person, at a particular price; or (iii) give or allow, or offer to give or allow, a discount, allowance, rebate or credit in relation to the supply, or the proposed supply, of goods or services to a person, or a relative or associate of a person. Para (d) formerly read:

(d) the supply or offer to supply goods or services to a person by a trustee, or an associate of a trustee, of a regulated superannuation fund, only if:

(i) the supply or offer is available to the employees of the person who are members of the fund; and

(ii) the terms of the supply or offer to each employee are not less than the terms supplied or offered to the person.

Reg 13.18A(2) repealed by FRLI No F2024L01610, reg 4 and Sch 1 item 7, effective 10 December 2024. Reg 13.18A(2) formerly read:

13.18A(2)
Paragraph (1)(a) does not apply to the supply of a business loan that is supplied on the condition that a person other than the person receiving the loan be a member of the regulated superannuation fund.

Reg 13.18A inserted by SLI No 34 of 2005, reg 3 and Sch 1 item 1, effective 1 July 2005.