What is the sole purpose test for superannuation funds?

In addition, examine Section 62 of the Superannuation Industry (Supervision) Act 1993. What restrictions are there on a superannuation fund trustee providing ancillary benefits to members?

(Examine legal aspects of superannuation with reference to ways in which superannuation can be accumulated and taken; who can provide superannuation products and how those providers and their products are prudentially licensed and regulated; duties of superannuation trustees; how superannuation interests are protected and litigated; current and future developments in superannuation law and policy).

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The sole purpose test is a fundamental principle in Australian superannuation law that dictates the ... View the full answer