Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 235.840

    This section covers a trust if:

  (a)   under an * arrangement, an asset or assets (the underlying investment ) is acquired by the trustee of the trust for the benefit of a trustee of a * regulated superannuation fund to secure a * borrowing; and

  (b)   until the borrowing is repaid, the arrangement is covered by:

  (i)   the exception in subsection   67A(1) of the Superannuation Industry (Supervision) Act 1993 (which is about limited recourse borrowing arrangements); or

  (ii)   the exception in former subsection   67(4A) of that Act (which was about instalment warrants).