Superannuation Industry (Supervision) Regulations 1994

Subject to regulation 9.18 (relating to periods of technical insolvency), in the funding and solvency certificate required under regulation 9.09 in relation to a defined benefit fund, a superannuation actuary must:

in accordance with regulation 9.11, 9.13(5) or 9.14(4), specify the date on which the certificate takes effect; and

if subregulation 9.11(4) applies—make a statement in accordance with that subregulation; and

identify any event relating to the fund that, if the event occurs during the period when the certificate is in force, should, in the opinion of the superannuation actuary, require the certificate to cease to have effect and a new certificate to be obtained; and

in accordance with subregulation (2), specify the date on which the certificate expires; and

certify the solvency of the fund as at the effective date of the certificate; and

certify the minimum contributions reasonably expected by the superannuation actuary to be required in respect of any member or class of members to secure the solvency of the fund on the expiry date of the certificate; and

if the certified minimum contributions should, in the superannuation actuary’s opinion, be paid by instalments—specify the number and amount of the instalments that must be paid and the frequency with which they must be paid; and

sign and date the certificate.

The date specified under paragraph (1)(d) as the date on which the certificate expires must be a date that is:

not less than 12 months; and

not more than 5 years;