Commonwealth Numbered Regulations

1993 No. 14 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) - REG 2

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.".