Commonwealth Consolidated Regulations

[Index] [Table] [Search] [Search this Regulation] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 9AB.20

Requirements for reopening determination--subsection 60F(4) of Act

  (1)   For the purposes of subsection   60F(4) of the Act, this regulation specifies a requirement in relation to a Part   6A product and an entity.

Note:   Subsections   60F(3) and (4) of the Act provide that if APRA is satisfied that this requirement is met, it may make a determination that has the effect that each trustee of the entity is released from the obligation in subsection   60F(2) of the Act (to ensure that there are no new beneficiaries for the Part   6A product).

  (2)   The requirement is that the performance measure for the Part   6A product for the most recently ended financial year equals or exceeds - 0.005.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback