Document ID: chunk:federal_register_of_legislation:C2004A00616:clause:9_8
Version: federal_register_of_legislation:C2004A00616
Segment Type: clause
Provision Reference: sch 9 cl 8
Character Range: 22956–23532

8  Section 228
Insert:

eligible loss:
 (a) in relation to a fund that is not a defined benefit fund—means a loss suffered by the fund as a result of fraudulent conduct, or theft; and
 (b) in relation to a fund that is a defined benefit fund—means so much of a loss suffered by the fund as a result of fraudulent conduct, or theft, that a standard employer-sponsor of the fund:
 (i) is required to pay to the fund; but
 (ii) cannot pay to the fund while remaining able to pay all debts incurred by the standard employer-sponsor, as and when the debts become due and payable.