Document ID: chunk:federal_register_of_legislation:C2004A00588:clause:1_2
Version: federal_register_of_legislation:C2004A00588
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 1345–1978

2  Subsection 10(1)
Insert:

excluded instalment trust, of a superannuation fund, means a trust:
 (a) that arises because the trustee or investment manager of the superannuation fund makes an investment under which a listed security (within the meaning of subsection 66(5)) (the underlying security) is held in trust until the purchase price of the underlying security is fully paid; and
 (b) where the underlying security, and property derived from the underlying security, is the only trust property; and
 (c) where an investment in the underlying security held in trust would not be an in‑house asset of the superannuation fund.