Superannuation Industry (Supervision) Act 1993

If:

at any time (the pre‑1 July 2001 time) during the period after the test time but before 1 July 2001, an asset of a superannuation fund consists of a loan or an investment made during the transition period, other than under a contract entered into before the beginning of that period; and

if the asset had been an asset of the fund immediately before the test time—the asset would not have been an in‑house asset of the fund; and

apart from this section, the asset would be an in‑house asset of the fund at the pre‑1 July 2001 time;

If:

at any time (the pre‑1 July 2001 time) during the period after the test time but before 1 July 2001, an asset of a superannuation fund consists of an asset subject to a lease, or a lease arrangement, between a trustee of the fund and a related party of the fund; and

section 71B does not apply to the asset at the pre‑1 July 2001 time; and

the asset became subject to a lease or lease arrangement between a trustee of the fund and a related party at a time (the transition time) during the transition period; and

the asset was subject to a lease or a lease arrangement, or any uninterrupted sequence of leases and lease arrangements, between a trustee of the fund and a related party, throughout the period beginning at the transition time and ending at the pre‑1 July 2001 time; and

apart from this section, the asset would be an in‑house asset of the fund at the post‑test time;