#9569
Awan Hammad
Participant

    Hi Umesh

    I have not come across this issue previously.

    My view is that it cannot occur as it is not one of the exceptions allowed for in section 66 of SIS (mainly that foreign currency is not listed shares or business real property).

    My initial view is that it should be allowed but I cannot see how it would overcome the section 66 requirements. If the trustees want to persue it they could ask the ATO for their view or get an opinion from a superannuation lawyer.

    If any member has come across this before or can add anything further please let the forum know.

    Thanks

    SMSF AAA

    LOGIN

    New to this site? Sign Up

    We have upgraded our website for a better experience.

    Because of this upgrade, all members need to change their password to access their account by clicking the Forgot Password button below.

    Thank you and we look forward to your continued support!