4.09A
CurrentOperating standard—money and other assets to be kept separate (self managed superannuation funds)
Volume 1Parts 1 to 14 (regulations 1.01 to 14.39)
Part 4Management and trusteeship of superannuation entities
Division 4.2Operating standards
4.09A Operating standard—money and other assets to be kept separate (self managed superannuation funds)
(1)
For subsection 31(1) of the Act, the standard stated in subregulation (2) applies to the operation of regulated superannuation funds.
(2)
A trustee of a regulated superannuation fund that is a self managed superannuation fund must keep the money and other assets of the fund separate from any money and assets, respectively:
(a)
that are held by the trustee personally; or
(b)
that are money or assets, as the case may be, of a standard employer‑sponsor, or an associate of a standard employer‑sponsor, of the fund.
This Act’s bill:Explanatory statement
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