SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 84 In-house asset rules must be complied with

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SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 No. 78, 1993 - SECT 84

In-house asset rules must be complied with

84.(1) The trustee of a regulated superannuation fund must take all reasonable
steps to ensure that the provisions of Divisions 2 and 3 are complied with.

(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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