Superannuation Industry (Supervision) Regulations 1994

PART 9AB - ANNUAL PERFORMANCE ASSESSMENTS ETC.  

Division 9AB.1 - Preliminary  

REGULATION 9AB.6   MEANING OF LOOKBACK PERIOD  

9AB.6(1)    
The lookback period for a Part 6A product in respect of a financial year means the period that:

(a)    

starts on the later of the following:

(i) the start of the first quarter in relation to which the trustee of the superannuation entity that offered the Part 6A product reported to APRA, in accordance with the applicable investment performance standard, a net investment return or gross investment return net of fees of the product;

(ii) if the financial year is the 2020-21 financial year - the 1 July that is 6 years before 1 July in the financial year;

(iii) if the financial year is the 2021-22 financial year - the 1 July that is 7 years before 1 July in the financial year;

(iv) if the financial year is the 2022-23 financial year - the 1 July that is 8 years before 1 July in the financial year;

(v) if the financial year is the 2023-24 financial year or a later financial year - the 1 July that is 9 years before 1 July in the financial year; and

(b)    ends on 30 June in the financial year.

Note:

The lookback period will be 10 financial years, unless subparagraph (a)(i) , (ii) , (iii) or (iv) applies.

9AB.6(2)    
For the purposes of subparagraph (1)(a)(i) , in determining the first quarter mentioned in that subparagraph, disregard a quarter if:

(a)    there was not, for the entire duration of the quarter, at least one beneficiary holding the Part 6A product; or

(b)    the superannuation entity was not, for the entire duration of the quarter, offering the Part 6A product as potentially generating returns.