Document ID: chunk:federal_register_of_legislation:F2025C00069:reg:3:p5
Version: federal_register_of_legislation:F2025C00069
Segment Type: reg
Provision Reference: reg 3 (pt 5/66)
Character Range: 235769–238440

relation to a member of an approved deposit fund as at a particular time, means the total of the following amounts:
 (a) amounts deposited in the fund for the member down to that time; and
 (b) investment earnings on those amounts down to that time; less:
 (c) the costs applicable to those amounts down to that time.
administration costs includes all fees and charges charged against a member's benefits (whether or not charged against the contributions by or in respect of the member), other than:
 (a) in the case of a member who was a member of the fund on 30 June 1995, the exit fee (if any) applicable to the member's benefits at that date; and
 (b) the cost (if any) of providing to the member:
 (i) an insured death benefit; or
 (ii) an insured permanent or temporary incapacity benefit; and
 (c) taxation costs.
Note: Examples of 'taxation costs': contributions tax, superannuation contributions surcharge.
cashed means cashed in accordance with Division 6.3.
costs, in relation to a member's benefits in a regulated superannuation fund or an approved deposit fund as at any time, means the total costs determined under regulation 5.02 in relation to those benefits and charged to those benefits in accordance with that regulation down to that time.
deferred annuity means an annuity that is not payable on purchase, and the terms of which ensure:
 (a) that payment of benefits under the annuity:
 (i) is not commenced earlier than the time at which Part 6 permits or requires the benefits to be paid from an approved deposit fund; and
 (ii) is to commence as soon as practicable after the annuitant:
 (A) dies; or
 (B) if the annuitant dies before attaining the age of 65—would have attained that age; and
 (b) that, except as permitted in relation to approved deposit funds by the Act or these Regulations, the provider of the annuity is not taken to recognise, or in any way encourage or sanction:
 (i) an assignment of an interest under the annuity; or
 (ii) the giving of a charge over, or in relation to, the annuity.
Government co‑contribution benefits means Government co‑contributions made under the Co‑contribution Act, less:
 (a) the costs applicable to them; and
 (b) any amounts repaid under section 24 of the Co‑contribution Act.
investment earnings, in relation to a member's benefits (or a members' benefits of a particular kind) in a regulated superannuation fund or an approved deposit fund as at any time, means the total of the amounts credited, less the total of the amounts debited, to the member's account by way of investment return down to that time in respect of those benefits.
investment return, in relation to a member's benefits (or