Question

In order to qualify as an Australian regulated superannuation fund, the fund must at any given time during the relevant year meet the following conditions?

Select one:
a. Either the fund was established in Australia or any asset of the fund is situated in Australia
b. The management or control of the fund is ordinarily in Australia
c. If the fund has an active member, the total entitlements of resident active members must be at least 50% of the entitlements of active members
d. All the above

Answer 1

In order to qualify as Australian superannuation fund, fund must be meeting with the three conditions and they will be either the fund was established in Australia or the central management and control of the fund is ordinaripy in Australia or 50% of the entitlement of active members if the fund has an resident active member so all of the above conditions are required in order to qualify as Australian regulated superannuation fund.

Correct answer will be option (D) all of the above.

answered by: anonymous