Commonwealth Consolidated Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 62A

    The regulations may prescribe rules in relation to the trustees of regulated superannuation funds that are self managed superannuation funds making, holding and realising investments involving:

  (a)   artwork (within the meaning of the Income Tax Assessment Act 1997 ); or

  (b)   jewellery; or

  (c)   antiques; or

  (d)   artefacts; or

  (e)   coins or medallions; or

  (f)   postage stamps or first day covers; or

  (g)   rare folios, manuscripts or books; or

  (h)   memorabilia; or

  (i)   wine; or

  (j)   cars; or

  (k)   recreational boats; or

  (l)   memberships of sporting or social clubs; or

  (m)   assets of a particular kind, if assets of that kind are ordinarily used or kept mainly for personal use or enjoyment (not including land).

Note:   The regulations may prescribe penalties of not more than 10 penalty units for offences against the regulations. See paragraph   353(1)(d).