Specified formula as basis for ranking Part 6A products—performance assessment met
9AB.21 Specified formula as basis for ranking Part 6A products—performance assessment met
This regulation applies in relation to a Part 6A product for which the requirement in subsection 60D(1) of the Act is met in relation to a financial year.
For the purposes of paragraph 60J(3)(a) of the Act:
this paragraph specifies the formula set out in regulation 9AB.23 (net return ranking formula) as a basis for ranking Part 6A products in relation to the financial year; and
this paragraph specifies the formula set out in regulation 9AB.24 (fee ranking formula) as a basis for ranking that Part 6A products in relation to:
a beneficiary who holds the Part 6A product; and
a year (the relevant year) that is the financial year, or the year that is the period of 12 months ending on 30 September, 31 December or 31 March in the next financial year.
This Act’s bill:Explanatory statement
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