98
CurrentLending to unit‑holders prohibited
Volume 1Parts 1 to 15 (sections 1 to 127)
Part 11Provisions applying only to pooled superannuation trusts
98 Lending to unit‑holders prohibited
The trustee or an investment manager of a pooled superannuation trust must not:
(a)
lend money of the trust to a beneficiary of the trust; or
(b)
give any other financial assistance using the resources of the trust to a beneficiary of the trust.
This Act’s bill:Second reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.