SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993
(a) at any time (the post-test time ) after the test time, an asset of a superannuation fund consists of:
(i) a loan or an investment made before the test time, or made after the test time under a contract entered into before the test time; or
(ii) a share or unit in a unit trust, if the share, or the unit, as the case requires, was acquired before the test time or under a contract entered into before the test time (notwithstanding any payments on the share or unit made to the issuer of the share or unit after the test time and before 1 July 2009); and
(b) if the asset was an asset of the fund immediately before the test time - it was not an in-house asset of the fund; and
(c) if the asset was not an asset of the fund immediately before the test time - it would not have been an in-house asset if it had been an asset of the fund immediately before the test time; and
(d) apart from this Subdivision, the asset would be an in-house asset of the fund at the post-test time;
the asset is not an in-house asset of the fund at the post-test time.71A(2) Payments on partly paid shares and units after 30 June 2009.
(a) the post-test time is after 30 June 2009; and
(b) the asset consists of a share or a unit in a unit trust; and
(c) one or more payments on the share or unit to the issuer of the share or unit has been made since 30 June 2009;
(d) the asset is an in-house asset of the fund at the post-test time; and
(e) subsection (3) applies to the share or unit. 71A(3) Reduced value for the purposes of working out value of in-house assets.
For the purposes of working out the formula component Number of whole dollars in value of in-house assets of the fund under section 75 at the post-test time, the value of the share or unit at the post-test time is taken to be the number of whole dollars in the amount worked out as follows:
|Market value of share or unit||×||
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