Document ID: chunk:federal_register_of_legislation:C2010C00184:clause:3_2
Version: federal_register_of_legislation:C2010C00184
Segment Type: clause
Provision Reference: sch 3 cl 2
Character Range: 111464–112274

2  At the end of section 71
Add:

Limit on when investments in related trusts are in‑house assets

 (8) If, at a time:
 (a) an asset (the investment asset) of a superannuation fund is an investment in a related trust of the fund; and
 (b) the related trust is one described in paragraph 67(4A)(b) in connection with a borrowing, by the trustee of the fund, that is covered by subsection 67(4A); and
 (c) the only property of the related trust is the original asset or replacement described in that subsection;
the investment asset is an in‑house asset of the fund at the time only if the original asset or replacement described in subsection 67(4A) would be an in‑house asset of the fund if it were an asset of the fund at the time.

 (9) Subsections (1), (2) and (4) have effect subject to subsection (8).