Superannuation Industry (Supervision) Regulations 1994

PART 6 - PAYMENT STANDARDS  

Division 6.1 - Introductory  

Subdivision 6.1.5 - Miscellaneous  

REGULATION 6.16A   WHEN NON-PRESERVED BENEFITS MAY BE REDUCED  

6.16A(1)   [Application]  

This regulation applies if, on or after 1 July 1999, the amount of a negative investment return for a period after 30 June 1999 to be debited against a member's benefits is more than the amount of the member's preserved benefits.

6.16A(2)   [Order of debiting]  

The negative investment return must be debited in the following order:

(a) first, against the member's preserved benefits; and

(b) second, against the member's restricted non-preserved benefits; and

(c) third (if required), against the member's unrestricted non-preserved benefits.