OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) 1993 NO. 14 

OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) 1993 NO. 14 
- TABLE OF PROVISIONS

1.  Amendment  
2.  New regulation 16B  


1993 No. 14 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) -
REG 1
1. Amendment


  1.1 The Occupational Superannuation Standards Regulations are amended as set
out in these Regulations.
(NOTE: These Regulations commence on gazettal: see Acts Interpretation Act
1901, s. 48.)


1993 No. 14 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) -
REG 2
2. New regulation 16B


  2.1 After regulation 16A, insert:
Prohibition on new in-house asset acquisitions
  "16B. (1) For the purposes of subsection 7 (1) of the Act, the standard in
subregulation (2) is prescribed in relation to the investment of the assets
of a superannuation fund.
  "(2) Investment of the assets of a fund in an in-house asset must not be
made if:
  (a) the market value of in-house assets of the fund already exceeds 5% of
the market value of all assets of the fund; or
  (b) in consequence of the investment, the market value of in-house assets of
the fund would exceed 5% of the market value of all assets of the fund.".


- NOTES


1993 No. 14*1* OCCUPATIONAL SUPERANNUATION STANDARDS
REGULATIONS*2* (AMENDMENT)



*1* Notified in the Commonwealth of Australia Gazette on 29 January 1993.
*2* Statutory Rules 1987 No. 322 as amended by 1988 No. 255 (as amended by
1989 No. 281); 1989 Nos. 24, 281 and 356; 1990 Nos. 149, 150, 185, 202 and
275; 1991 Nos. 16, 58, 148, 150, 155 and 458; 1992 Nos. 192, 218, 223, 224,
387 and 463.