Limitation imposed by governing rules
9.48 Limitation imposed by governing rules
For paragraph 29TC(3)(a) of the Act, the following limitations on the source or kind of contributions made by or on behalf of a person who holds a MySuper product offered by a regulated superannuation fund are prescribed:
a limitation on a contribution, by way of transfer, from a fund that is, at the time the transfer is made:
a foreign superannuation fund; or
a fund that is similar to a foreign superannuation fund;
a limitation on the contribution of an asset in a form other than money;
a limitation in relation to a contribution by a non‑associated employer to:
a MySuper product that is authorised because section 29TB of the Act is satisfied; or
a corporate MySuper product.
In this regulation:
corporate MySuper product has the meaning given by subsection 23A(3) of the Fair Work Act 2009.
foreign superannuation fund has the meaning given by section 995‑1 of the 1997 Tax Act.
non‑associated employer means a person who is not:
an employer of the person who holds the MySuper product; or
an employer associated with the employer of the person who holds the MySuper product.
This Act’s bill:Explanatory statement
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