Document ID: chunk:federal_register_of_legislation:F2025C00069:reg:3:p40
Version: federal_register_of_legislation:F2025C00069
Segment Type: reg
Provision Reference: reg 3 (pt 40/71)
Character Range: 493138–495838

effective date of the certificate; and
 (f) 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
 (g) 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
 (h) sign and date the certificate.
 (2) The date specified under paragraph (1)(d) as the date on which the certificate expires must be a date that is:
 (a) not less than 12 months; and
 (b) not more than 5 years;
after the effective date of the certificate.

9.11  Effective date of funding and solvency certificates
 (1) The first funding and solvency certificate obtained in respect of a defined benefit fund to which this Division applies must take effect on:
 (a) in the case of a fund in operation on 30 June 1994 in respect of which an actuarial investigation was carried out under paragraph 17(1)(a) of the Occupational Superannuation Standards Regulations on or after 1 July 1991—whichever of the following dates is selected by the superannuation actuary:
 (i) the date of the last such actuarial investigation prior to 1 July 1994;
 (ii) 1 July 1994; and
 (b) in the case of a fund in operation on 30 June 1994 to which paragraph (a) does not apply—1 July 1994; and
 (c) in any other case—the date on which the fund is established.
 (2) Subject to subregulations 9.13(5), 9.14(4) and 9.18(8), the effective date of a funding and solvency certificate may be a date earlier than the date on which the superannuation actuary signs the certificate but must not be more than 12 months earlier than that date, except in the case of a first funding and solvency certificate to which subregulation (3) applies.
 (3) If a first funding and solvency certificate takes effect in accordance with subparagraph (1)(a)(i) and the superannuation actuary signs the certificate not later than 30 June 1995, the effective date of the certificate may be more than 12 months earlier than the date on which the superannuation actuary signs the certificate.
 (4) If the effective date of a funding and solvency certificate is earlier than the date on which the superannuation actuary signs the certificate, the superannuation actuary must only sign the certificate if the superannuation actuary is not aware, and makes a statement in the certificate that he or she is not aware, of any occurrence between the effective date and the date of signing that would affect the contents of the certificate.

9.12  Period