Certain new in‑house asset investments prohibited
83 Certain new in‑house asset investments prohibited
This section applies to a regulated superannuation fund.
If the market value ratio of the fund’s in‑house assets exceeds 5%, a trustee of the fund must not acquire an in‑house asset.
If the market value ratio of the fund’s in‑house assets does not exceed 5%, a trustee of the fund must not acquire an in‑house asset if the acquisition would result in the market value ratio of the fund’s in‑house assets exceeding 5%.
For the avoidance of doubt, a reference in this section to acquiring an in‑house asset includes a reference to making an investment or a loan, or entering into a lease or a lease arrangement, if the resulting loan or investment, or the asset subject to the lease or the lease arrangement, would be an in‑house asset.
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