Public offer superannuation funds—restrictions on loans and investments
13.17A Public offer superannuation funds—restrictions on loans and investments
For subsection 31(1) of the Act, it is a standard applicable to the operation of public offer superannuation funds that, except so far as permitted by subregulation (2), a trustee of a fund must not, in that capacity, invest in:
the trustee itself; or
a related body corporate.
Subregulation (1) does not apply to investments by a fund in a related body corporate:
in the case of a life insurance policy—if the body corporate issuing the policy is a life insurance company; or
in the case of a deposit—if the body corporate is an ADI; or
in any other case—if:
the related body corporate is an ADI or a life insurance company; and
the trustee of the fund complies with the rules set out in regulation 13.17AA.
This Act’s bill:Explanatory statement
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