Commonwealth Consolidated Regulations

SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 9AB.23

    For the purposes of paragraphs 9AB.21(2)(a) and 9AB.22(2)(a), the formula is:

where:

"n" means the number of whole quarters in the test period, divided by 4.

"NR" , in relation to a quarter, means the Part   6A product's net return in relation to the quarter.

"t" represents a quarter in a consecutive sequence of quarters, where if t=1, the quarter is the first quarter that starts in the test period.

"test period" mean the period that:

  (a)   starts at a time that:

  (i)   is no earlier than 10 years before the start of the financial year; and

  (ii)   is the start of a quarter in an earlier financial year; and

  (b)   ends at the end of a quarter in the financial year.