Document ID: chunk:federal_register_of_legislation:F2025C00069:reg:3:p42
Version: federal_register_of_legislation:F2025C00069
Segment Type: reg
Provision Reference: reg 3 (pt 42/71)
Character Range: 498088–500841

fund:
 (a) a new funding and solvency certificate having the same contents as the lapsed certificate;
 (b) a new funding and solvency certificate containing such modifications of the lapsed certificate as are specified by the superannuation actuary;
 (c) a new funding and solvency certificate unrelated to the lapsed certificate and relying upon new calculations to be made by the superannuation actuary.
 (5) The date on which a new funding and solvency certificate obtained under subregulation (2), because of the occurrence of a notifiable event, takes effect must be the date immediately following the date on which the notifiable event occurs.
 (6) The expiry date of the new funding and solvency certificate may be different from the expiry date of the lapsed certificate.

9.14  Further funding and solvency certificates to be obtained
 (1) In this regulation:
effective funding and solvency certificate means a funding and solvency certificate that has taken effect and has not expired or otherwise ceased to have effect.
term, in relation to a funding and solvency certificate, means the period starting on the effective date of the certificate and ending on the expiry date of the certificate.
 (2) Subject to regulations 9.13 and 9.18 and subregulation (3), the trustee of a defined benefit fund that has an effective funding and solvency certificate relating to the fund must obtain a further funding and solvency certificate relating to the fund that is signed:
 (a) in the case of a certificate having a term of 4 years or less—on or before the date on which 75% of the term expires; and
 (b) in the case of a certificate having a term of more than 4 years—not less than 12 months before the end of the term.
 (3) If, under paragraphs 9.12(2)(a), (d) or (e), a funding and solvency certificate in relation to a fund ceases to have effect:
 (a) before the expiry date specified in the certificate; and
 (b) before a further funding and solvency certificate has been obtained under subregulation (2);
the trustee of the fund must obtain a further funding and solvency certificate not later than 3 months after the date on which the first‑mentioned funding and solvency certificate ceased to have effect.
 (4) The date on which a further funding and solvency certificate referred to in subregulation (3) takes effect must be the date immediately following the date on which the previous funding and solvency certificate ceased to have effect.

9.15  Minimum benefit index
 (1) The minimum benefit index in respect of a defined benefit fund is the index calculated in accordance with the following formula:

 (2) In this regulation:
adjusted minimum benefit index, in relation to a defined benefit fund, means:
 (a) if the index calculated as