AAT Case 23/96

Judgment date: 1/03/1996
Court: AATA
Judge: Forgie, Brennan and Keane
Citation: (1996) 96 ATC 278;
Catchwords: Superannuation;  Superannuation funds;  Failure to satisfy superannuation fund conditions;  Prohibition on cost of in-house assets exceeding 10 per cent of assets;  

Superannuation;  Superannuation funds;  Request that Commissioner treat fund as complying;  Whether special circumstances existed;  

Superannuation;  Superannuation funds;  Prohibition on borrowing money by way of loan;  Whether trustee in breach of borrowing standard;  

Superannuation;  Superannuation funds;  Failure to satisfy superannuation fund conditions;  Requirement that fund be maintained solely for stipulated purpose;