Superannuation Industry (Supervision) Regulations 1994
PART 13
-
MISCELLANEOUS
Division 13.3
-
Various prescribed matters
REGULATION 13.18A
CONDITIONAL OFFER OF GOODS OR SERVICES
-
EXEMPTIONS
13.18A(1)
[Goods and services prescribed]
(a) the supply of a business loan to a person by a trustee, or an associate of a trustee, of a regulated superannuation fund, that is supplied:
(b) a service that is supplied by a trustee, or an associate of a trustee, of a regulated superannuation fund to a person for the forwarding of superannuation contributions and information:
(c) an advice or administration service that relates to the payment of superannuation contributions to a regulated superannuation fund, that is supplied by a trustee, or an associate of a trustee, of the fund to:
(d) the supply or offer to supply goods or services to a person by a trustee, or an associate of a trustee, of a regulated superannuation fund, only if:
For subsections 68A(2) and (4) of the Act, the following kinds of goods and services are prescribed:
(a) the supply of a business loan to a person by a trustee, or an associate of a trustee, of a regulated superannuation fund, that is supplied:
(i) on condition that the person be a member of the fund; and
(ii) on a commercial arm's length basis;
(b) a service that is supplied by a trustee, or an associate of a trustee, of a regulated superannuation fund to a person for the forwarding of superannuation contributions and information:
(i) to other funds or RSAs; and
(ii) on behalf of the person; and
(iii) in relation to employees of the person who have chosen those funds;
(c) an advice or administration service that relates to the payment of superannuation contributions to a regulated superannuation fund, that is supplied by a trustee, or an associate of a trustee, of the fund to:
(i) a person; or
(ii) the employees of the person;
(d) the supply or offer to supply goods or services to a person by a trustee, or an associate of a trustee, of a regulated superannuation fund, only if:
(i) the supply or offer is available to the employees of the person who are members of the fund; and
13.18A(2) [Application]
(ii) the terms of the supply or offer to each employee are not less than the terms supplied or offered to the person.
Paragraph (1)(a) does not apply to the supply of a business loan that is supplied on the condition that a person other than the person receiving the loan be a member of the regulated superannuation fund.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.