Commonwealth Consolidated Regulations

SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 13.17A

  (1)   For subsection   31(1) of the Act, it is a standard applicable to the operation of public offer superannuation funds that, except so far as permitted by subregulation   (2), a trustee of a fund must not, in that capacity, invest in:

  (a)   the trustee itself; or

  (b)   a related body corporate.

  (2)   Subregulation (1) does not apply to investments by a fund in a related body corporate:

  (a)   in the case of a life insurance policy--if the body corporate issuing the policy is a life insurance company; or

  (b)   in the case of a deposit--if the body corporate is an ADI; or

  (c)   in any other case--if:

  (i)   the related body corporate is an ADI or a life insurance company; and

  (ii)   the trustee of the fund complies with the rules set out in regulation   13.17AA.