Superannuation Legislation Amendment Act (No. 4) 1999 (199 of 1999)

Schedule 1  

2   Subsection 10(1)

Insert:

excluded instalment trust , of a superannuation fund, means a trust:

(a) that arises because the trustee or investment manager of the superannuation fund makes an investment under which a listed security (within the meaning of subsection 66(5)) (the underlying security ) is held in trust until the purchase price of the underlying security is fully paid; and

(b) where the underlying security, and property derived from the underlying security, is the only trust property; and

(c) where an investment in the underlying security held in trust would not be an in-house asset of the superannuation fund.