Commonwealth Consolidated Regulations

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SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 6.16A

When non-preserved benefits may be reduced

             (1)  This regulation applies if, on or after 1 July 1999, the amount of a negative investment return for a period after 30 June 1999 to be debited against a member's benefits is more than the amount of the member's preserved benefits.

             (2)  The negative investment return must be debited in the following order:

                     (a)  first, against the member's preserved benefits; and

                     (b)  second, against the member's restricted non-preserved benefits; and

                     (c)  third (if required), against the member's unrestricted non-preserved benefits.



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