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SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 6.16A When non - preserved benefits may be reduced

SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 6.16A

When non - preserved benefits may be reduced

  (1)   This regulation applies if, on or after 1   July 1999, the amount of a negative investment return for a period after 30   June 1999 to be debited against a member's benefits is more than the amount of the member's preserved benefits.

  (2)   The negative investment return must be debited in the following order:

  (a)   first, against the member's preserved benefits; and

  (b)   second, against the member's restricted non - preserved benefits; and

  (c)   third (if required), against the member's unrestricted non - preserved benefits.

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