INCOME TAX ASSESSMENT ACT 1997
This section covers a trust if:
(a) under an *arrangement, an asset or assets (the underlying investment ) is acquired by the trustee of the trust for the benefit of a trustee of a *regulated superannuation fund to secure a *borrowing; and
(b) until the borrowing is repaid, the arrangement is covered by:
(i) the exception in subsection 67A(1) of the Superannuation Industry (Supervision) Act 1993 (which is about limited recourse borrowing arrangements); or
(ii) the exception in former subsection 67(4A) of that Act (which was about instalment warrants).
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