Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) In this Division:
"fund's actuary" means a superannuation actuary whose services are secured under subregulation 9.39(2).
"minimum guaranteed benefit" , in relation to a member of an accumulation fund, has the same meaning as in Division 9.6.
"net realisable value of the assets at the winding-up date" , in relation to an accumulation fund, means the amount calculated by deducting from the amount received on realisation of those assets the sum of:
(a) the actual cost of disposing of the assets of the fund; and
(b) the administration and other costs associated with winding - up proceedings in respect of the fund.
"period of technical insolvency" , in relation to an accumulation fund, has the same meaning as in Division 9.6.
"winding-up date" , in relation to an accumulation fund, means the date at which the trustee determines the allocations to be made, under the winding - up proceedings, to members of the fund in respect of their benefit entitlements.
(2) In this Division, a reference to an accumulation fund being solvent at the winding - up date is to be read as a reference to the net realisable value of the assets at the winding - up date being equal to or greater than the minimum guaranteed benefits of members of the fund at that date.
(3) In this Division, a reference to an accumulation fund being technically insolvent at the winding - up date is to be read as a reference to the net realisable value of the assets at the winding - up date being less than the minimum guaranteed benefits of members of the fund at that date.