Document ID: chunk:federal_register_of_legislation:C2023C00441:clause:1_4
Version: federal_register_of_legislation:C2023C00441
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 109303–110596

4  Duration of subclause 3(1) determinations
 (1) If:
 (a) a subclause 3(1) determination specifies a day in a financial year in accordance with paragraph 3(1)(a) of this Schedule; and
 (b) a target asset level declaration for the financial year was in force when the determination was made;
the determination ceases to be in force at whichever is the earliest of the following:
 (c) the end of the specified day;
 (d) the time when the target asset level declaration ceases to be in force;
 (e) if the determination is revoked—the time when the determination is revoked.
 (2) If:
 (a) a subclause 3(1) determination specifies 2 or more days in a financial year in accordance with paragraph 3(1)(b) of this Schedule; and
 (b) a target asset level declaration for the financial year was in force when the determination was made;
the determination ceases to be in force at whichever is the earliest of the following:
 (c) the end of the latest of those specified days;
 (d) the time when the target asset level declaration ceases to be in force;
 (e) if the determination is revoked—the time when the determination is revoked.
 (3) If a determination under subclause 3(1) ceases to be in force, the cessation does not affect the crediting of an amount to the Fund Account before the cessation.