Commonwealth Numbered Regulations

1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 5.03

5.03. (1) The trustee of an accumulation fund or an approved deposit fund that
maintains reserves must determine the investment return to be credited or
debited from time to time to a member's benefit (or benefits of a particular
kind) in the fund, having regard to:

   (a)  the return to the fund on investments; and

   (b)  the extent to which the costs of the fund exceed (or fall below) the
        aggregate of the costs charged to member's benefits under
        regulation 5.02; and

   (c)  the level of the reserves of the entity.

(2) The trustee's determination of the investment return to be credited or
debited to a member's benefits (or benefits of a particular kind) must be fair
and reasonable as between:

   (a)  all the members of the fund; and

   (b)  the various kinds of benefits of each member of the fund.