Superannuation Industry (Supervision) (related party assets) determination
No. 1 of 2010
 
Superannuation Industry (Supervision) Act 1993
 
 
 
I, Keith Chapman, a delegate of APRA, under paragraph 66(2)(d) of the Superannuation Industry (Supervision) Act 1993 (the Act), DETERMINE that the kinds of assets specified in the Schedule attached to this instrument may be acquired from a related party of a regulated superannuation fund in a class of regulated superannuation funds specified in the Schedule attached to this instrument.
 
This determination takes effect upon registration on the Federal Register of Legislative
Instruments.
 
 
 
Dated 19 July 2010
 
 
[Signed]
 
 
Keith Chapman
Executive General Manager
Supervisory Support Division
 
 
 
 
Interpretation                                                                                                                              Document ID: 184276
In this instrument
APRA means the Australian Prudential Regulation Authority.
 
Federal Register of Legislative Instruments means the register established under section 20 of the Legislative Instruments Act 2003.
regulated superannuation fund has the meaning given in section 19 of the Act.
related party has the meaning given in subsection 10(1) of the Act.
 
Note 1
This instrument is a legislative instrument for the purposes of the Legislative Instruments Act 2003
(the LIA) (see paragraph 66(2B) of the Act and paragraph 6(d)(i) of the LIA).
Schedule - the kinds of assets which may be acquired from a related party
 
Units in a unit trust where:
(i)          the unit trust is registered as a managed investment scheme under subsection
601EB(1) of the Corporations Act 2001;
(ii)         the trustee of the unit trust is the responsible entity of the registered scheme;
(iii)        the trustee of the unit trust is a related party of the regulated superannuation fund;
and
(iv)        the units are acquired at market value,
are assets of a kind which may be acquired by a regulated superannuation fund from a related party of the fund.
 
 
 
Interpretation
 
In this Schedule
 
market value has the meaning given in subsection 10(1) of the Act.
Schedule - the class of regulated superannuation funds which may acquire assets of the specified kinds from a related party
 
 
 
This determination applies to all regulated superannuation funds other than self managed superannuation funds.
 
Interpretation
 
In this Schedule
 
self managed superannuation fund has the meaning given in section 17A of the Act.