Buy prices and sell prices of relevant units
4 Buy prices and sell prices of relevant units
For the purposes of ascertaining the value of a relevant unit, buy and sell prices are set out in Schedules 1 and 2.
Note 1 Under the system of creating units in the Public Sector Superannuation Accumulation Plan, the fund earnings or losses on a PSSAP member's personal accumulation account are reflected in the value of each relevant unit in that account. This is expressed as a "buy price" and a "sell price" for the relevant unit. The unitisation system is explained in the actuarial report.
Note 2 Schedule 1 covers the initial period of the PSSAP Scheme, commencing on 1 July 2005. The last buy and sell prices in that Schedule will apply until the first buy and sell prices are specified in Schedule 2.
A buy price and sell price are not necessarily determined for each day, so the Schedules do not refer to weekends and may not refer to other days such as bank holidays.
The buy prices and sell prices must be applied in relation to the relevant unit in accordance with the actuarial report.
The buy and sell prices for the last day specified in Schedule 1 apply to every subsequent day until the first buy or sell price is specified in Schedule 2.
A buy or sell price specified in Schedule 2 for a particular day applies to every subsequent day until another buy or sell price is specified in that Schedule.
Schedule 1 Buy price and sell price (subsection 4 (1))
Item Date Investment Option Buy price
$ Sell price
$
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