Commonwealth Numbered Regulations

1989 No. 356 OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS (AMENDMENT) - REG 4

4. After regulation 3 of the Principal Regulations the following regulation is
inserted: Meaning of pooled superannuation trust

"3A. (1) The definition of 'pooled superannuation trust' in subsection 3 (1)
of the Act applies to a unit trust that is:

   (a)  used only for investing the assets of:

        (i)    a superannuation fund; or

        (ii)   an approved deposit fund; or

        (iii)  a life assurance company (within the meaning of Division 8 of
               Part III of the Tax Act) that are assets of a tax-advantaged
               insurance fund (within the meaning of section 111B of the Tax
               Act); or

        (iv)   a registered organisation (within the meaning of Division 8A of
               Part III of the Tax Act) solely for the tax-advantaged business
               (within the meaning of section 116GC of the Tax Act) of the
               organisation; or

        (v)    an exempt entity within the meaning of subparagraph (a), (c) or
               (d) of the definition of exempt entity in section 102M of the
               Tax Act; and

   (b)  a resident unit trust within the meaning of section 102H of the Tax
        Act.

"(2) Subregulation (1) does not prevent the trustees of a pooled
superannuation trust from holding the units of another pooled superannuation
trust.".