Search Results | Showing 41 - 50 of 70 results for "Sole Purpose Test" |
| | ... its indirect investment in renewable energy company Pacific Hydro via a fund managed by IFM. As satisfying the sole purpose test will be an overarching theme of the inquiry, Hodge said Industry Super Australia's use of members' money to fund ... |
| | | ... special counsel Luke Hooper says an obvious starting point is whether the use of members' money meets the sole purpose test and is consistent with the Superannuation Industry (Supervision) Act 1993. Advertising and marketing expenditure, for example ... |
| | | ... obligations to seek the best financial interests of their beneficiaries and are by no means restricted by the sole purpose test," it said. |
| | | ... In addition, DomaCom provided an update as to its ongoing Federal Court hearing as to the SMSF related party/sole purpose test implications of the DomaCom Fund. The hearing was held in Melbourne earlier this week with an outcome yet to be delivered. ... |
| | | ... had significant reservations about this measure, and it's relation to the objective for superannuation. "The sole purpose test generally requires that superannuation funds be required to maintain benefits for members' retirement, or for insurance related ... |
| | | ... property rented by a related party; and that the DomaCom Fund is one widely held trust and does not breach the sole purpose test. A case management hearing is scheduled for 8 August at which an actual hearing date will be set. If successful, SMSFs will ... |
| | | ... returns, then it is not inconsistent to the trustee obligations," he said, adding: "there is a deeper thing; the Sole Purpose Test that defines the obligations of superannuation trustees was defined when the size of the super system was negligible compared ... |
| | | ... 2UE, the Assistant Treasurer said the prudential regulator was looking at the issue. "[U]ltimately there's a sole purpose test, which relates to the purpose for which, you know, investments are being made and all the rest of it," the Assistant Treasurer ... |
| | | ... report. At present, SMSFs can invest in artworks and other collectables provided they met the superannuation "sole purpose test" and in-house asset rules. "We believe that strengthening guidelines on how the assets are kept, rather than preventing SMSFs ... |
| | | ... statement, he had failed to ensure his SMSF (Kassongo Superannuation Fund) was maintained in accordance with the sole purpose test, which prohibits trustees maintaining self managed super funds, for any purpose other than to provide retirement benefits ... |
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