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SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 13.18A Conditional offer of goods or services--exemptions

SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 13.18A

Conditional offer of goods or services--exemptions

  (1)   For subsections   68A(2) and (4) of the Act, the following kinds of goods and services are prescribed:

  (a)   the supply of a business loan to a person by a trustee, or an associate of a trustee, of a regulated superannuation fund, that is supplied:

  (i)   on condition that the person be a member of the fund; and

  (ii)   on a commercial arm's length basis;

  (b)   a service that is supplied by a trustee, or an associate of a trustee, of a regulated superannuation fund to a person for the forwarding of superannuation contributions and information:

  (i)   to other funds or RSAs; and

  (ii)   on behalf of the person; and

  (iii)   in relation to employees of the person who have chosen those funds;

  (c)   an advice or administration service that relates to the payment of superannuation contributions to a regulated superannuation fund, that is supplied by a trustee, or an associate of a trustee, of the fund to:

  (i)   a person; or

  (ii)   the employees of the person.

  (2)   Paragraph   (1)(a) does not apply to the supply of a business loan that is supplied on the condition that a person other than the person receiving the loan be a member of the regulated superannuation fund.

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