Superannuation Industry (Supervision) Self-Managed Superannuation Funds (COVID-19 Rental Income Deferrals – In-House Asset Exclusion) Determination 2022
4. Determination4. Determination
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4. Determination
For the purposes of paragraph 71(1)(f) of the SISA, where during the 2021–22 income year the fund:
(a) acquires an asset held by the fund by allowing a related party to defer the payment of rent under a lease agreement (on arm’s length terms) because of the financial impact of the coronavirus known as COVID‑19, or
(b) holds an asset that is an interest in a company or unit trust which is not an in‑house asset under paragraph 71(1)(j) of the SISA and regulation 13.22B or regulation 13.22C of the Superannuation Industry (Supervision) Regulations 1994 (SISR), and that company or unit trust allows a tenant to defer the payment of rent under a lease (on arm’s length terms) because of the financial impact of the coronavirus known as COVID‑19
the asset is not an in-house asset of the fund in the 2021–22 income year when the rent was deferred, nor any future income years.