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27 Sep 07 Financial assistance by SMSF contrary to s 65(1)(b) SIS Act - SMSFR 2007/D2

This draft Self Managed Superannuation Funds Ruling was released on 26 September 2007 for public comment by 16 November 2007. Its full title is "Superannuation: giving financial assistance using the resources of a self managed superannuation fund to a member or relative of a member that is prohibited for the purposes of s 65(1)(b) of the Superannuation Industry (Supervision) Act 1993". This Ruling explains how s 65(1)(b) of the Superannuation Industry (Supervision) Act 1993 (SISA)1 applies to trustees and investment managers of self managed superannuation funds (SMSFs).

For a copy of SMSFR 2007/D2, go here

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