Commonwealth Numbered Regulations

1994 No. 57 SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS - REG 9.17

9.17. The trustee of a defined benefit fund that is taken to be technically
insolvent for the purposes of these Regulations must either:

   (a)  initiate a program in accordance with this Division that is designed
        by an actuary to return the fund to a position that would enable the
        actuary to certify the solvency of the fund in a funding and solvency
        certificate in accordance with regulation 9.10 not later than 5 years
        after the date on which the technical insolvency commenced; or

   (b)  initiate winding-up proceedings in accordance with Division 9.4.