Commonwealth Consolidated Regulations

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SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 4.01A

Covenants in governing rules of superannuation entity--trustee's determination and benchmarks

MySuper products

  (1)   For the purposes of subparagraph   52(9)(a)(i) of the Act, subregulation (2) specifies a benchmark in relation to a MySuper product.

  (2)   The benchmark is the requirement in subsection   60D(1) of the Act having been met for the product in relation to the most recently ended financial year.

Choice products

  (3)   For the purposes of subparagraph   52(9)(a)(ii) of the Act, subregulation (4) specifies a benchmark in relation to a choice product that is a Part   6A product.

  (4)   The benchmark is the requirement in subsection   60D(1) of the Act having been met for the product in relation to the most recently ended financial year.


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