Superannuation Industry (Supervision) Regulations 1994

PART 9AB - ANNUAL PERFORMANCE ASSESSMENTS ETC.  

Division 9AB.3 - Comparison rankings  

REGULATION 9AB.22   SPECIFIED FORMULA AS BASIS FOR RANKING PART 6A PRODUCTS - PERFORMANCE ASSESSMENT NOT MET  

9AB.22(1)    
This regulation applies in relation to a Part 6A product for which the requirement in subsection 60D(1) of the Act is not met in relation to a financial year.

9AB.22(2)    
For the purposes of paragraph 60J(3)(a) of the Act:

(a)    this paragraph specifies the formula set out in regulation 9AB.23 (net return ranking formula) as a basis for ranking Part 6A products in relation to the financial year; and

(b)    this paragraph specifies the formula set out in regulation 9AB.24 (fee ranking formula) as a basis for ranking Part 6A products in relation to:

(i) a beneficiary who holds the Part 6A product; and

(ii) a year (the relevant year ) that is the financial year, or the year that is the period of 12 months ending on 30 September, 31 December or 31 March in the next financial year.