Collectables and personal use assets can include artworks, jewellery, vehicles, boats, or wine. Investments in such items must be made for genuine retirement purposes, not to provide any present-day benefit. This is because the fund’s investments need to be managed in the best financial interests of fund members.

This means they can't be:

• leased to, or part of a lease arrangement with, a member or a related party
• used by members or a related party, or
• stored or displayed in a private residence of a member or related party.

In addition:

• the decision on where they are stored must be documented
• they must be insured in the fund's name within 7 days of the fund acquiring it
• if the item is transferred to a related party, this must be at market price as determined by a qualified, independent valuer
• check prior to purchase that they are not encumbered in any way (you can use the Australian Financial Security Authority's Personal Properties Security Register to ensure they have no security interests over them).