Superannuation Industry (Supervision) Regulations 1994
For subsection 32(1) of the Act, it is a standard applicable to the operation of approved deposit funds that, except so far as permitted by subregulation (2), a trustee of a fund must not, in that capacity, invest in:
(a) the trustee itself; or
(b) a related body corporate.
(a) in the case of a life insurance policy - if the body corporate issuing the policy is a life insurance company; or
(b) in the case of a deposit - if the body corporate is an ADI; or
(c) in any other case - if:
(i) the body corporate is an ADI, or a life insurance company; and
(ii) the trustee of the fund complies with the rules set out in regulation 13.17AA .
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