12 September 2024 at 9:27 am #13380
Hello Dipak
Business real property can certainly include agricultural land.
Assuming none of the super funds are related parties/Part 8 associates, and that no one super fund has majority control or sufficient influence of the unit trust, the investment is in the unit trust that will hold the land is not an investment in a related party unit trust. Hence, the unit trust does not need to meet the restrictions for Non-Geared Unit Trusts as specified in Regulations 13.22C and 13.22D of the SIS Regulations.
Best regards
The Auditors Institute