Commonwealth Numbered Acts

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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 109

Investments of superannuation entity to be made on an arm's length basis
109.(1) The trustee or investment manager of a superannuation entity must not
invest money of the entity unless the trustee or investment manager, as the
case may be, and the other party to the relevant transaction are dealing with
each other at arm's length in respect of the transaction.

(2) Subsection (1) is a civil penalty provision as defined by section 193, and
Part 21 therefore provides for civil and criminal consequences of
contravening, or of being involved in a contravention of, that subsection.

(3) A contravention of subsection (1) does not affect the validity of a
transaction. 


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