What is Section 67A of the SIS Act?
Asked by: Prof. Benjamin Kemmer II | Last update: January 27, 2026Score: 4.3/5 (39 votes)
Section 67A of Australia's Superannuation Industry (Supervision) Act 1993 (SIS Act) creates an exception to the general ban on super fund borrowing, allowing trustees to use Limited Recourse Borrowing Arrangements (LRBAs) to buy single assets (like property or shares) for the fund, provided the loan is secured only against that specific asset, protecting other fund assets from lender claims in case of default. It's a key provision for Self-Managed Super Funds (SMSFs) to invest in property, requiring the asset to be held in a separate bare trust and allowing recourse only to that asset and not the fund's other holdings.
What is the punishment for Section 67A?
Whoever publishes or transmits or causes to be published or transmitted in the electronic form any material which contains sexually explicit act or conduct shall be punished on first conviction with imprisonment of either description for a term which may extend to five years and with fine which may extend to ten lakh ...
What is the s66 of the SIS Act?
(1) Subject to subsection (2), a trustee or an investment manager of a regulated superannuation fund must not intentionally acquire an asset from a related party of the fund. (ii) a class of funds in which the fund is included.
What is the difference between Section 67 and 67A of the IT Act?
Sections 67, 67A, and 67B are pivotal in this regard. Section 67 deals with the publication or transmission of obscene material in electronic form. Section 67A escalates the penalty for material containing sexually explicit acts.
Is 67 IT Act bailable or non-bailable?
Non-Bailable, Cognizable 8 67 Punishment for publishing or transmitting obscene material in electronic form 1st Conviction – Imprisonment up to 3 years and fine up to 5 lakh.
What counts as harassment and stalking? [Criminal law explainer]
What are the benefits of IT Act 67?
Section 67 provides punishment for the transmission or publication of any obscene material in any electronic form. Section 67A deals with the punishment for transmission or publication of any material containing sexually explicit acts in any electronic form.
What is Section 67 of the IT Act case law?
Even otherwise Section 67 of the I.T. Act is for the obscene material and not for provocative material. The words "lascivious or appeals to the prurient interest" mean relating to sexual interest and desire, therefore, Section 67 I.T. Act does not prescribe any punishment for other provocative material.
What is the Section 67 process?
Section 67 of the Immigration Act 2016 requires the Secretary of State to make arrangements to relocate to the United Kingdom and support a specified number of unaccompanied refugee children from other countries in Europe.
What is the purpose of the IT Act?
The Act provides a legal framework for electronic governance by giving recognition to electronic records and digital signatures. It also defines cyber crimes and prescribes penalties for the civil wrongs.
What is the crime of Section 67?
IPC Section 67 - Imprisonment for non-payment of fine, when offence punishable with fine only | Devgan.in.
What is Section 67 of the SIS Act?
The SISA rules dealing with borrowing money
Subsection 67(1) prohibits a trustee of an SMSF from borrowing money or maintaining an existing borrowing of money. 8. Other subsections in section 67 provide for limited exceptions to this prohibition.
What is the purpose of the SIS Act?
The Superannuation Industry (Supervision) Act 1993 (SIS Act) governs the prudent management of superannuation funds and the supervision by the Australian Prudential Regulation Authority (APRA), the Australian Securities and Investments Commission (ASIC), and the Commissioner of Taxation.
What is capital reduction under section 66?
Once share capital has been reduced under Section 66, shareholders cannot be held liable for amounts beyond what has been explicitly specified by the Tribunal. This provision limits their liability strictly to the redefined capital structure.
How does section 67 affect individuals?
Section 67(a) of the Code provides that, for an individual taxpayer, miscellaneous itemized deductions are allowed only to the extent that the aggregate of those deductions exceeds 2 percent of adjusted gross income.
What does section 67 cover?
Every person who gives or offers any bribe to any executive officer in this state, with intent to influence him in respect to any act, decision, vote, opinion, or other proceeding as such officer, is punishable by imprisonment in the state prison for two, three or four years, and is disqualified from holding any office ...
What is the legal definition of obscenity?
Obscenity is a narrow category of unprotected expression that meets all of the following criteria: (a) the average person, applying contemporary community standards, would find that the work, taken as a whole, appeals to the prurient interest; (b) the work depicts or describes, in a patently offensive way, sexual ...
What is Section 67A of the IT Act?
Whoever publishes or transmits or causes to be published or transmitted in the electronic form any material which contains sexually explicit act or conduct shall be punished on first conviction with imprisonment of either description for a term which may extend to five years and with fine which may extend to ten lakh ...
What's the difference between IT law and cyber law?
Information technology law, often referred to as cyberlaw, encompasses legal issues related to the internet, computers, and digital technology. As society increasingly relies on digital communication and services, this branch of law addresses new challenges that traditional legal frameworks are ill-equipped to handle.
What is the full meaning of IT?
"IT" most commonly stands for Information Technology, referring to the use of computers, networks, and other devices to manage and deliver data, but it can also mean Income Tax, Italian, or function as a pronoun/noun in games like tag, depending on the context. In business and tech, IT involves hardware, software, networks, and services for processing and storing electronic data.
What is Section 67 of the Anti Social Behaviour Act?
67Offence of failing to comply with order
(b)to fail to comply with a requirement to which the person is subject under a public spaces protection order [F1or an expedited order]. (2)A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale.
What happens after 5 years of refugee status?
Usually refugees in the UK are given five years leave to remain as a refugee. They must then apply for further leave, although their status as a refugee is not limited to five years.
What is a summons under section 67?
Description. When a Court desires that a summons issued by it shall be served at any place outside its local jurisdiction, it shall ordinarily send summons in duplicate to a Magistrate within whose local jurisdiction the person summoned resides, or is, to be there served.
What is the Evidence Act 67?
67. If a document is alleged to be signed or to have been written wholly or in part by any person, the signature or the handwriting of so much of the document as is alleged to be in that person's handwriting must be proved to be in his handwriting.
What is the punishment for Section 67B of the IT Act?
Section 67B of the IT Act specifically deals with the punishment for publishing or transmitting data or videos of children in sexual form electronically. Shall be punished with imprisonment of up to five years and a fine of up to ten lakh rupees (₹10,00,000).
How do you prove handwriting and signature?
The ordinary methods of proving hand-writing are1 by calling as witness a person who wrote the document, or who saw it written, or who is qualified to express an opinion on handwriting, or by comparison or by admission. 2 There may be circumstantial evidence also.