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:
(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.