Superannuation Industry (Supervision) Act 1993
(i) the fund was established in Australia; or
(ii) at that time, any asset of the fund is situated in Australia; and
(b) at that time, the central management and control of the fund is in Australia; and
(c) at that time, the percentage worked out using the following formula is not less than 50%:
|Accumulated entitlements of resident members||× 100|
|Total assets of fund|
|Accumulated entitlements of resident members means the sum of so much of the value of the assets of the fund at that time as is attributable to:|
|(i) deposits made to the fund before that time by or in respect of members of the fund who are residents at that time; and|
|(ii) income or accretions arising from those deposits;|
|Total assets of fund means the value of the assets of the fund at that time.|
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