Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) For the purposes of this section:
(a) a standard employer - sponsor (the first employer - sponsor ) of a superannuation fund is an unrelated employer - sponsor of the fund if, and only if, there is no other standard employer - sponsor of the fund who is a Part 8 associate of the first employer - sponsor; and
(b) 2 or more standard employer - sponsors of a superannuation fund are related to each other if they are Part 8 associates.
(2) For the purposes of this section:
(a) the class of the in - house assets of a fund that corresponds to a particular unrelated employer - sponsor is the class of in - house assets that consists of:
(i) loans to, investments in, or assets subject to leases or lease arrangements with, the employer - sponsor or a Part 8 associate of the employer - sponsor; or
(ii) loans to, investments in, or assets subject to leases or lease arrangements with, a standard employer - sponsored member of the fund, in respect of whom the employer - sponsor contributes to the fund, or a Part 8 associate of such a member; or
(iii) investments in a trust that is controlled by an entity referred to in subparagraph (i) or (ii); and
(b) the class of the in - house assets of a fund that corresponds to 2 or more employer - sponsors who are related to each other is the class of in - house assets that consists of:
(i) loans to, investments in, or assets subject to leases or lease arrangements with, any of them or a Part 8 associate of any of them; or
(ii) loans to, investments in, or assets subject to leases or lease arrangements with, a standard employer - sponsored member of the fund, in respect of whom any of them contributes to the fund, or a Part 8 associate of such a member; or
(iii) investments in a trust that is controlled by an entity referred to in subparagraph (i) or (ii).
(3) Subsections (4) and (5) apply if:
(a) there are 2 or more unrelated employer - sponsors of a superannuation fund (whether or not there are also any employer - sponsors of the fund who are related to each other); or
(b) there are 2 or more employer - sponsors of a superannuation fund who are related to each other and there are also one or more unrelated employer - sponsors of the fund.
(4) This Part does not apply in relation to the fund in relation to the in - house assets of the fund as a whole.
(5) However, this Part applies in relation to the fund separately in relation to each of the corresponding classes of in - house assets of the fund.
(6) This section does not apply to a self managed superannuation fund.