If there is no generic MySuper product or balanced investment option
220 If there is no generic MySuper product or balanced investment option
Superannuation entities
If a superannuation entity does not offer a generic MySuper product, the example should be based on:
where the superannuation entity offers a balanced investment option—the balanced investment option under which most assets of the superannuation entity are invested; and
where the superannuation entity does not offer a balanced investment option—the investment option under which most assets of the superannuation entity are invested.
Managed investment schemes
If a managed investment scheme does not offer a balanced investment option, the example should be based on:
where the scheme offers a default investment option—that option; and
where the scheme does not offer a default investment option—the investment option under which most assets of the scheme are invested.
CCIVs
If a retail CCIV does not offer a balanced investment option, the example should be based on:
where the CCIV offers a default investment option—that option; and
where the CCIV does not offer a default investment option—the investment option under which the CCIV has the most funds invested.
This Act’s bill:Explanatory statement
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