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 80   ALL FUNDS - HISTORICAL COST RATIO FOR THE 1995-96 YEAR OF INCOME, THE 1996-97 YEAR OF INCOME AND THE 1997-98 YEAR OF INCOME  

80(1)   [Application of section]  

This section applies to a regulated superannuation fund.

80(2)   [Historical cost ratio]  

At all times during the period:

(a) beginning at the beginning of the fund's 1995-96 year of income; and

(b) ending at the end of the fund's 1997-98 year of income;

when the fund was in existence, the historical cost ratio of the fund's in-house assets must not exceed 10%.