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Superannuation Industry (Supervision) Act 1993
83Certain new in‑house asset investments prohibited
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#### 83 Certain new in‑house asset investments prohibited
(1) This section applies to a regulated superannuation fund.
(2) If the market value ratio of the fund’s in‑house assets exceeds 5%, a trustee of the fund must not acquire an in‑house asset.
(3) If the market value ratio of the fund’s in‑house assets does not exceed 5%, a trustee of the fund must not acquire an in‑house asset if the acquisition would result in the market value ratio of the fund’s in‑house assets exceeding 5%.
(4) For the avoidance of doubt, a reference in this section to acquiring an in‑house asset includes a reference to making an investment or a loan, or entering into a lease or a lease arrangement, if the resulting loan or investment, or the asset subject to the lease or the lease arrangement, would be an in‑house asset.