Superannuation Industry (Supervision) Regulations 1994

PART 9AB - ANNUAL PERFORMANCE ASSESSMENTS ETC.  

Division 9AB.3 - Comparison rankings  

REGULATION 9AB.23  

9AB.23   NET RETURN RANKING FORMULA  

For the purposes of paragraphs 9AB.21(2)(a) and 9AB.22(2)(a) , the formula is:

where:

n
means the number of whole quarters in the test period, divided by 4.

NR
, in relation to a quarter, means the Part 6A product ' s net return in relation to the quarter.

t
represents a quarter in a consecutive sequence of quarters, where if t = 1, the quarter is the first quarter that starts in the test period.

test period
mean the period that:

(a) starts at a time that:

(i) is no earlier than 10 years before the start of the financial year; and

(ii) is the start of a quarter in an earlier financial year; and

(b) ends at the end of a quarter in the financial year.