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.