Superannuation Industry (Supervision) Act 1993

PART 8 - IN-HOUSE ASSET RULES APPLYING TO REGULATED SUPERANNUATION FUNDS  

Division 3 - Market value ratio of fund's in-house assets  

SECTION 83   CERTAIN NEW IN-HOUSE ASSET INVESTMENTS PROHIBITED  

83(1)   [ Application of section ]  

This section applies to a regulated superannuation fund.

83(2)   [ Market value ratio exceeds 5 % ]  

If the market value ratio of the fund's in-house assets exceeds 5 % , a trustee of the fund must not acquire an in-house asset.

83(3)   [ Market value ratio does not exceed 5 % ]  

If the market value ratio of the fund's in-house assets does not exceed 5 % , a trustee of the fund must not acquire an in-house asset if the acquisition would result in the market value ratio of the fund's in-house assets exceeding 5 % .

83(4)   [ Investment, loan, lease, etc ]  

For the avoidance of doubt, a reference in this section to acquiring an in-house asset includes a reference to making an investment or a loan, or entering into a lease or a lease arrangement, if the resulting loan or investment, or the asset subject to the lease or the lease arrangement, would be an in-house asset.