Key Point No 12 - Payment of general fund expenses from segregated bank accounts.

The payment of general fund expenses from a segregated bank account will not cause the bank account to cease to qualify as a segregated asset.  The determination provides the example of the payment of the SMSF supervisory levy.  Presumably, the payment of accounting and audit fees would also be similarly treated.

Where the fund has pension and non-pension interests, the general expenses would have to be apportioned.