Tax Laws Amendment (2007 Measures No. 4) Act 2007 (143 of 2007)
Schedule 3 Investment by superannuation funds in instalment warrants
Superannuation Industry (Supervision) Act 1993
2 At the end of section 71
Limit on when investments in related trusts are in-house assets
(8) If, at a time:
(a) an asset (the investment asset ) of a superannuation fund is an investment in a related trust of the fund; and
(b) the related trust is one described in paragraph 67(4A)(b) in connection with a borrowing, by the trustee of the fund, that is covered by subsection 67(4A); and
(c) the only property of the related trust is the original asset or replacement described in that subsection;
the investment asset is an in-house asset of the fund at the time only if the original asset or replacement described in subsection 67(4A) would be an in-house asset of the fund if it were an asset of the fund at the time.
(9) Subsections (1), (2) and (4) have effect subject to subsection (8).