Superannuation Industry (Supervision) Act 1993
This section applies to a regulated superannuation fund.82(2) [Market value ratio exceeds 5%]
(a) the fund ' s 2000-2001 year of income; or
(b) a later year of income;
exceeds 5%, the trustee of the fund, or, if the fund has a group of individual trustees, the trustees of the fund, must prepare a written plan.
The plan must specify the amount (the excess amount ) worked out using the formula:
82(4) [Trustee ' s plan]
(a) one or more of the fund ' s in-house assets held at the end of that year of income are disposed of during the next following year of income; and
(b) the value of the assets so disposed of is equal to or more than the excess amount.
The plan must be prepared before the end of the next following year of income.82(6) [Trustee ' s obligation]
Each trustee of the fund must ensure that the steps in the plan are carried out.