Subject to regulation 6.12 and to Subdivision 6.1.5, the amount of a member's preserved benefits in a regulated superannuation fund at any time on or after 1 July 1999 is the amount of the member's total benefits in the fund less the sum of:
(a) the amount of the member's restricted non - preserved benefits in the fund as defined by regulation 6.08; and
(b) the amount of the member's unrestricted non - preserved benefits in the fund as defined by regulation 6.10.