Commonwealth Consolidated Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 13.18A

Conditional offer of goods or services--exemptions

             (1)  For subsections 68A(2) and (4) of the Act, the following kinds of goods and services are prescribed:

                     (a)  the supply of a business loan to a person by a trustee, or an associate of a trustee, of a regulated superannuation fund, that is supplied:

                              (i)  on condition that the person be a member of the fund; and

                             (ii)  on a commercial arm's length basis;

                     (b)  a service that is supplied by a trustee, or an associate of a trustee, of a regulated superannuation fund to a person for the forwarding of superannuation contributions and information:

                              (i)  to other funds or RSAs; and

                             (ii)  on behalf of the person; and

                            (iii)  in relation to employees of the person who have chosen those funds;

                     (c)  an advice or administration service that relates to the payment of superannuation contributions to a regulated superannuation fund, that is supplied by a trustee, or an associate of a trustee, of the fund to:

                              (i)  a person; or

                             (ii)  the employees of the person.

             (2)  Paragraph (1)(a) does not apply to the supply of a business loan that is supplied on the condition that a person other than the person receiving the loan be a member of the regulated superannuation fund.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback