OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

PART IIIA - POOLED SUPERANNUATION TRUSTS

REGULATION 23G

23G ELIGIBLE INVESTORS: TRUSTEES OF SUPERANNUATION FUNDS, APPROVED DEPOSIT FUNDS OR POOLED SUPERANNUATION TRUSTS: THIRD OR SUBSEQUENT YEARS OF INCOME: NOTICE OF COMPLIANCE GIVEN
A trustee of a superannuation fund, an approved deposit fund or a pooled superannuation trust and a person acting on behalf of such a trustee is not eligible, for the purposes of an eligible investor statement, to hold units in a pooled superannuation trust where the statement is made during the third or a subsequent year of income of the fund or first-mentioned trust unless:

(a) the trustee has been given a notice of compliance in relation to a previous year of income of the fund or first-mentioned trust; and

(b) the trustee has not been given a notice of non-compliance in relation to a year of income of the fund or first-mentioned trust that is later than that previous year of income; and

(c) a period of not more than 2 years, or such longer period as the Commissioner approves generally in writing, has elapsed since the end of that previous year of income.

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