Commonwealth Consolidated Acts

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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 83E

Acquisition of in - house assets prohibited in certain circumstances

    If the market value of the fund's in - house assets at the end of a year of income exceeds the prescribed percentage of the base amount in relation to the fund at that time, a trustee of the fund must not buy, or enter into any contract to buy, on behalf of the fund any in - house assets until the time when an actuary certifies that the market value of the fund's in - house assets has ceased to exceed the prescribed percentage of the base amount in relation to the fund.


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