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Australian Lawyers and Consultants

Superannuation Investment Restrictions

September 2001

Until 1 July 2001, most in-house asset investments that were entered into between 11 August 1999 and 23 December 1999 were not subject to the in-house asset limits. Now, trustees of self managed superannuation funds must ensure that the level of in-house assets maintained by the fund remains within the required limit (generally 5% of the market value of the fund). If the value of in-house assets of the fund is too high, trustees only have until 30 June 2002 to reduce that level. The ATO has indicated that it will not extend the timeframe given to comply.

For further information, contact Joe Lederman at BALDWINS, Australian Lawyers & Consultants.

Return to the Superannuation Law Archive, Corporations Law Archive or Australian Tax Law Archive.