Superannuation Industry (Supervision) Act 1993
This section applies to a regulated superannuation fund, if the fund is a private sector fund established before 12 March 1985.77(2) [Historical cost ratio]
At all times during the fund's 1994-95 year of income when the fund was in existence, the historical cost ratio of the fund's in-house assets must not exceed whichever is the greater of the following percentages:
(a) whichever is the lesser of the following percentages:
(i) the percentage equal to the historical cost ratio of the fund's in-house assets as at the end of 11 March 1985;
(b) 10%. 77(3) [Section 72 to be ignored]
Section 72 is to be ignored in working out the percentage mentioned in subparagraph (2)(a)(i).