Commonwealth Consolidated Regulations

OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS - REG 3A

         (1)   The definition of pooled superannuation trust in subsection 3 (1) of the Act applies to a unit trust that is:

                (a)    used only for investing the assets of:

                          (i)    a superannuation fund; or

                         (ii)    an approved deposit fund; or

                         (iii)    a life assurance company (within the meaning of Division 8 of Part III of the Tax Act) that are assets of a tax-advantaged insurance fund (within the meaning of section 111B of the Tax Act); or

                        (iv)    a registered organisation (within the meaning of Division 8A of Part III of the Tax Act) solely for the tax-advantaged business (within the meaning of section 116GC of the Tax Act) of the organisation; or

                         (v)    an exempt entity within the meaning of subparagraph (a), (c) or (d) of the definition of exempt entity in section 102M of the Tax Act; and

               (b)    a resident unit trust within the meaning of section 102H of the Tax Act.

         (2)   Subregulation (1) does not prevent the trustees of a pooled superannuation trust from holding the units of another pooled superannuation trust.