Superannuation Industry (Supervision) Act 1993

PART 8 - IN-HOUSE ASSET RULES APPLYING TO REGULATED SUPERANNUATION FUNDS  

Division 2 - Historical cost ratio of fund's in-house assets  

SECTION 78   PUBLIC SECTOR FUNDS ESTABLISHED ON OR AFTER 1 JULY 1990 - HISTORICAL COST RATIO FOR THE 1994-95 YEAR OF INCOME  

78(1)   [Application of section]  

This section applies to a regulated superannuation fund, if the fund is a public sector fund established on or after 1 July 1990.

78(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 10%.