Superannuation Industry (Supervision) Regulations 1994
For subsections 68A(2) and (4) of the Act, the following kinds of goods and services are prescribed: (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
(b) a service that is supplied by a trustee, or an associate of a trustee, of a regulated superannuation fund to a person for the forwarding of superannuation contributions and information:
(ii) on a commercial arm ' s length basis;
(i) to other funds or RSAs; and
(ii) on behalf of the person; and
(c) an advice or administration service that relates to the payment of superannuation contributions to a regulated superannuation fund, that is supplied by a trustee, or an associate of a trustee, of the fund to:
(iii) in relation to employees of the person who have chosen those funds;
(i) a person; or
(ii) the employees of the person.
(d) (Repealed by FRLI No F2021L01076)
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.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.