Commonwealth Consolidated Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 77

Private sector funds established before 12 March 1985--historical cost ratio for the 1994 - 95 year of income

  (1)   This section applies to a regulated superannuation fund, if the fund is a private sector fund established before 12   March 1985.

  (2)   At all times during the fund's 1994 - 95 year of income when the fund was in existence, the historical cost ratio of the fund's in - house assets must not exceed whichever is the greater of the following percentages:

  (a)   whichever is the lesser of the following percentages:

  (i)   the percentage equal to the historical cost ratio of the fund's in - house assets as at the end of 11   March 1985;

  (ii)   70%;

  (b)   10%.

  (3)   Section   72 is to be ignored in working out the percentage mentioned in subparagraph   (2)(a)(i).


AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback