Superannuation Industry (Supervision) Act 1993
This section applies to a regulated superannuation fund, if the fund is a public sector fund established before 1 July 1990.
79(2) [Historical cost ratio]At all times during the fund's 1994-95 year of income when the fund was in existence, the historical cost ratio of the fund's in-house assets must not exceed whichever is the greater of the following percentages:
(a) the percentage equal to the historical cost ratio of the fund's in-house assets as at the end of 1 July 1990;
(b) 10%. 79(3) [Section 72 to be ignored]
Section 72 is to be ignored in working out the percentage mentioned in paragraph (2)(a).
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