73Cost of in‑house asset

#### 73 Cost of in‑house asset (1) For the purposes of this Part, if: (a) an asset of a superannuation fund was acquired: (i) without consideration; or (ii) for consideration other than the arm’s length value of the asset when it was acquired; or (b) the whole or a part of the consideration for which an asset of a superannuation fund was acquired was not money; the cost of the asset is taken to be the arm’s length value of the asset when it was acquired. (2) In this section: > arm’s length value, in relation to an asset, means the amount that the acquirer of the asset could reasonably be expected to have been required to pay to acquire the asset under a transaction where the parties to the transaction are dealing with each other at arm’s length in relation to the transaction.