Superannuation Industry (Supervision) Regulations 1994
[ CCH Note: This is the first of two headings each numbered as Part 9A. It appears that the insertion of the heading number Part 9A here may be a drafting oversight (see also the CCH Note under the heading for Pt 9A after reg 9.51).]
For subsection 68AA(7) of the Act, the circumstances are that the trustee certifies, in writing, that the trustee is reasonably satisfied the risk that is to be insured cannot:
(a) be placed with an insurer at a reasonable cost; or
(b) be provided on an opt-out basis.