OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)
View history note
Hide history noteFor the purposes of the definition of net market value of fund assets in subregulation 23PC(2) , the following matters are specified:
(a) the assumptions that, when the assets are sold:
(i) the buyer and seller of the assets are willing, but not anxious, to buy and sell the assets; and
(ii) there is a period in which to negotiate the sale that is reasonable, having regard to the nature and situation of the assets and the state of the market for assets of the same kind; and
(iii) the assets will be reasonably exposed to the market; and
(iv) no account is taken of the value or other advantage or benefit, additional to market value, to the buyer incidental to ownership of the assets;
(b) the value of any estate in the property comprising the assets that is not held by the trustees in the capacity of trustees;
(c) deduction of the costs of disposing of the assets from the proceeds of the disposal.
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