Commonwealth Numbered Regulations

1994 No. 189 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS (AMENDMENT) - REG 12

12.1 After regulation 5.01, insert:

Operating standards-determination of costs and investment return

"5.01A. For the purposes of subsections 31 (1) and 32 (1) of the Act:

   (a)  the standard set out in subregulations 5.02 (1) and (3) and 5.03 (2)
        is applicable to the operation of regulated superannuation funds and
        approved deposit funds; and

   (b)  the standard set out in subregulation 5.03 (1) is applicable to the
        operation of:

        (i)    accumulation funds; and

        (ii)   approved deposit funds; that maintain reserves.".