SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 9.48 Limitation imposed by governing rules
SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 9.48
Limitation imposed by governing rules(1) For paragraph 29TC(3)(a) of the Act, the following limitations on the source or kind of contributions made by or on behalf of a person who holds a MySuper product offered by a regulated superannuation fund are prescribed:
(a) a limitation on a contribution, by way of transfer, from a fund that is, at the time the transfer is made:
(i) a foreign superannuation fund; or
(ii) a fund that is similar to a foreign superannuation fund;
(b) a limitation on the contribution of an asset in a form other than money;
(c) a limitation in relation to a contribution by a non - associated employer to:
(i) a MySuper product that is authorised because section 29TB of the Act is satisfied; or
(ii) a corporate MySuper product.
"corporate MySuper product" has the meaning given by subsection 23A(3) of the Fair Work Act 2009 .
"foreign superannuation fund" has the meaning given by section 995 - 1 of the 1997 Tax Act.
"non-associated employer" means a person who is not:
(a) an employer of the person who holds the MySuper product; or
(b) an employer associated with the employer of the person who
holds the MySuper product.