Superannuation Industry (Supervision) Regulations 1994

PART 13 - MISCELLANEOUS  

Division 13.2 - Various operating standards  

REGULATION 13.17   APPROVED DEPOSIT FUNDS - RESTRICTIONS ON LOANS AND INVESTMENTS  

13.17(1)   [Applicable standard]  

For subsection 32(1) of the Act, it is a standard applicable to the operation of approved deposit funds that, except so far as permitted by subregulation (2), a trustee of a fund must not, in that capacity, invest in:

(a) the trustee itself; or

(b) a related body corporate.

13.17(2)   [Standard not applicable]  

Subregulation (1) does not apply to investments by a fund in a related body corporate:

(a) in the case of a life insurance policy - if the body corporate issuing the policy is a life insurance company; or

(b) in the case of a deposit - if the body corporate is an ADI; or

(c) in any other case - if:

(i) the body corporate is an ADI, or a life insurance company; and

(ii) the trustee of the fund complies with the rules set out in regulation 13.17AA .