SMSFs are typically prohibited from acquiring assets from related parties.
Once key exception is listed shares or securities that are listed on an approved stock exchange acquired at market value.
There are other exceptions under Section 66 of the Superannuation Industry (Supervision) Act 1993:
Exception--acquisitions of business real property and listed securities
(2) Subsection (1) does not prohibit a trustee or investment manager acquiring an asset from a related party of the fund if:
(a) the asset is a listed security acquired at market value; or
(b) if the fund is a superannuation fund with fewer than 5 members--the asset is business real property of the related party acquired at market value; or
(c) the trustee of a regulated superannuation fund acquired the asset under a merger between regulated superannuation funds; or
(d) the asset is an asset of a kind which the Regulator, by legislative instrument, determines may be acquired by:
(i) any fund; or
So what is an approved stock exchange? It's more than just the ASX.
Australian Approved Stock Exchanges
The following are the approved stock exchanges in Australia:
ASX, also known as Australian Securities Exchangechi
SSX, also known as Sydney Stock Exchange
Approved Stock Exchange List
The following is the list Approved Stock Exchanges from Schedule 5 of the Income Tax Assessment Regulations 1997.
Please note this list is current as at the date of the last update of this article. To check the most recent list please visit the Federal Register of Legislation here.
List of approved regulated stock exchanges from around the world:
Argentina
Buenos Aires Stock Exchange
Australia
ASX, also known as Australian Securities Exchange
Chi-X
IR Plus Securities Exchange
National Stock Exchange of Australia (NSX)
SSX, also known as Sydney Stock Exchange
Austria
Vienna Stock Exchange
Belgium
Euronext Brussels
Bermuda
Bermuda Stock Exchange
Brazil
B3, also known as BM&F Bovespa
Canada
Montréal Stock Exchange
Toronto Stock Exchange
TSX Venture Exchange
Chile
Santiago Stock Exchange
Valparaiso Stock Exchange
China
Shanghai Stock Exchange
Shenzhen Stock Exchange
Colombia
Colombia Stock Exchange
Denmark
Nasdaq Copenhagen
Finland
Nasdaq Helsinki
France
Euronext Paris
Germany
Berlin Stock Exchange
Dusseldorf Stock Exchange
Frankfurt Stock Exchange
Hamburg Stock Exchange
Hannover Stock Exchange
Munich Stock Exchange
Stuttgart Stock Exchange
Greece
ATHEX, also known as Athens Exchange
Hong Kong
Hong Kong Stock Exchange
Hungary
Budapest Stock Exchange
India
Bombay Stock Exchange
Calcutta Stock Exchange
Indonesia
Indonesia Stock Exchange
Ireland
Euronext Dublin
Israel
Tel Aviv Stock Exchange
Italy
Borsa Italiana, also known as Italian Stock Exchange
Jamaica
Jamaica Stock Exchange
Japan
Fukuoka Stock Exchange
Nagoya Stock Exchange
Osaka Securities Exchange
Sapporo Securities Exchange
Tokyo Stock Exchange
Korea, Republic of
Korea Stock Exchange
Luxembourg
Luxembourg Stock Exchange
Malaysia
Bursa Malaysia
Mexico
Mexican Stock Exchange
Netherlands
Euronext Amsterdam
New Zealand
NZX, also known as New Zealand’s Exchange
Nigeria
Nigerian Stock Exchange
Norway
Oslo Stock Exchange
Pakistan
Pakistan Stock Exchange, also known as PSX
Peru
Lima Stock Exchange
Philippines
Philippine Stock Exchange
Poland
Warsaw Stock Exchange
Portugal
Euronext Lisbon
Serbia
Belgrade Stock Exchange
Singapore
Singapore Exchange
Slovakia
Bratislava Stock Exchange
Slovenia
Ljubljana Stock Exchange
South Africa
Johannesburg Stock Exchange
Spain
Barcelona Stock Exchange
Bilbao Stock Exchange
Madrid Stock Exchange
Valencia Stock Exchange
Sri Lanka
Colombo Stock Exchange
Sweden
Nasdaq Stockholm
Switzerland
SIX Swiss Exchange
Taiwan
Taiwan Stock Exchange
Thailand
Stock Exchange of Thailand
Trinidad and Tobago
Trinidad and Tobago Stock Exchange
Turkey
Borsa Istanbul, also known as Istanbul Stock Exchange
United Kingdom
London Stock Exchange
United States
Chicago Stock Exchange
NASDAQ OMX BX
NASDAQ PHLX
NASDAQ Stock Exchange
NYSE, also known as New York Stock Exchange
NYSE American
NYSE American Options
NYSE ARCA equities
NYSE ARCA options
NYSE National
Uruguay
Montevideo Stock Exchange
Venezuela
Caracas Stock Exchange
Zimbabwe
Zimbabwe Stock Exchange
The Bendigo Stock Exchange is no longer on the list of approved stock exchanges.
A related party unit trust may also sometimes be able to be acquired by an SMSF. Contact us for specific information on this item.