Commonwealth Consolidated Regulations

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OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS - REG 16B

Prohibition on new in-house asset acquisitions

         (1)   For the purposes of subsection 7 (1) of the Act, the standard in subregulation (2) is prescribed in relation to the investment of the assets of a superannuation fund.

         (2)   Investment of the assets of a fund in an in-house asset must not be made if:

                (a)    the market value of in-house assets of the fund already exceeds 5% of the market value of all assets of the fund; or

               (b)    in consequence of the investment, the market value of in-house assets of the fund would exceed 5% of the market value of all assets of the fund.



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