Commonwealth Consolidated Regulations

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OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS - REG 18BA

Standards: prohibition on giving financial assistance to members or their relatives

         (1)   For the purposes of subsection 7 (1) of the Act, the standard in subregulation (2) is prescribed.

         (2)   A superannuation fund must not give any financial assistance (other than lending) using resources of the fund to:

                (a)    a member of the fund; or

               (b)    a relative of a member of the fund.

         (3)   In this regulation:

"relative" has the same meaning as in the Income Tax Assessment Act 1936 .


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