In-house assets and transitional rules

Overview

Prepared for trustees of self managed super funds (SMSFs), this information explains:

• what an in-house asset is
• the transitional rules that apply to certain assets owned before 11 August 1999
• the changes that apply after 30 June 2009.

It is important, if you were affected by the transitional rules, that you review your fund's investment structure to ensure it continues to comply with the in-house asset rules after 30 June 2009.

The 10-year transitional period ended on 30 June 2009. Ensure your fund complies with the current in-house asset rules. These guidelines are intended for SMSFs only. If you are a trustee of another type of fund, you should seek advice from the Australian Prudential Regulation Authority (APRA).

Sections within Overview

• What is an in-house asset?
• What transitional provisions apply to in-house assets?
• What changed after 30 June 2009?
• What remained the same after 30 June 2009?