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SOCIAL SECURITY ACT 1991 - SECT 1120C

Value of superannuation reserves for superannuation funds of 4 members or less

             (1)  This section applies in calculating the value of a person's investment in a superannuation fund if:

                     (a)  the fund has 4 or fewer members; and

                     (b)  the fund has reserves (within the meaning of section 115 of the Superannuation Industry (Supervision) Act 1993 ).

Note:          The value of a person's investment in a superannuation fund is only included in the value of the person's assets after the person reaches pension age or starts to receive a pension or annuity out of the fund (see paragraph 1118(1)(f)).

             (2)  Despite paragraph 1118(1)(h), the value of the person's investment in the superannuation fund includes the following amount:

             (3)  However, if it is not possible to work out the person's interest in the superannuation fund, the value of the person's investment in the fund includes the following amount:



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