Commonwealth Numbered Regulations

1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 8.01

8.01. (1) For the purposes of paragraphs 112 (1) (a) and (b) of the Act
(preparation of a statement of financial position and an operating statement),
this regulation specifies cases where those paragraphs do not apply.

Defined benefit funds and accumulation funds that prepare certain statements

(2) Those paragraphs do not apply in the case of:

   (a)  a defined benefit fund in respect of a year of income of the fund; or

   (b)  an accumulation fund in respect of the 1994-1995 year of income of the
        fund; if the trustee of the fund prepares:

   (c)  a statement of net assets of the entity; and

   (d)  a statement of changes in net assets of the entity; in respect of that
        year of income.

Superannuation funds where benefits are determined by reference to a life
assurance policy

(3) Those paragraphs do not apply in the case of a regulated superannuation
fund in respect of a year of income of the fund if, at the end of the year,
the fund is a fund from which the benefits paid to each individual member of
the fund are wholly determined by reference to policies of life assurance.