Superannuation Industry (Supervision) Regulations 1994
View history note
Hide history noteA Part 6A product is a lifecycle Part 6A product if: (a) the investments supporting the Part 6A product are divided into categories; and (b) each such category of investments is referrable to a lifestage of the Part 6A product.
9AB.3(2)
Subregulation (3) applies in relation to a Part 6A product in respect of a financial year (the current year ) if the Part 6A product was a lifecycle Part 6A product (disregarding paragraph (3)(a) ) at any time in the lookback period for the Part 6A product in respect of the current year.
9AB.3(3)
For the purposes of applying this Part to the current year: (a) treat the Part 6A product as a lifecycle Part 6A product throughout that lookback period; and (b) treat the Part 6A product as having one lifestage in relation to each quarter that satisfies both of the following requirements:
(i) the quarter is in that lookback period;
(ii) the Part 6A product was not a lifecycle Part 6A product (disregarding paragraph (a) ) at the end of the previous quarter.
Note 1:
For the purposes of applying this Part to the current year, the Part 6A product will be in the class specified in subregulation 9AB.9(3) in relation to the current year.
Note 2:
For the purposes of applying this Part to the current year, the Part 6A product will have a lifestage weight of one in relation to each quarter in the lookback period and the lifestage mentioned in paragraph (b) .
9AB.3(4)
Paragraph (3)(b) does not apply in relation to the quarter mentioned in subparagraph (3)(b)(i) if APRA has made a determination under subregulation 9AB.14(10) that: (a) specifies the Part 6A product; and (b) specifies the superannuation entity that offers the Part 6A product; and (c) specifies 2 quarters, the later of which is the quarter mentioned in subparagraph (3)(b)(i) of this regulation.
9AB.3(5)
For the purposes of subparagraph (3)(b)(ii) , if the previous quarter is before the Part 6A product ' s initial quarter, treat the reference in that subparagraph to the previous quarter as being a reference to the initial quarter.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
