Document ID: chunk:federal_register_of_legislation:C2013C00579:clause:2_62a
Version: federal_register_of_legislation:C2013C00579
Segment Type: clause
Provision Reference: sch 2 cl 62A
Character Range: 16323–17271

62A  Self managed superannuation funds—investment in collectables and personal use assets
  The regulations may prescribe rules in relation to the trustees of regulated superannuation funds that are self managed superannuation funds making, holding and realising investments involving:
 (a) artwork (within the meaning of the Income Tax Assessment Act 1997); or
 (b) jewellery; or
 (c) antiques; or
 (d) artefacts; or
 (e) coins or medallions; or
 (f) postage stamps or first day covers; or
 (g) rare folios, manuscripts or books; or
 (h) memorabilia; or
 (i) wine; or
 (j) cars; or
 (k) recreational boats; or
 (l) memberships of sporting or social clubs; or
 (m) assets of a particular kind, if assets of that kind are ordinarily used or kept mainly for personal use or enjoyment (not including land).
Note: The regulations may prescribe penalties of not more than 10 penalty units for offences against the regulations. See paragraph 353(1)(d).