Document ID: chunk:federal_register_of_legislation:F2025C00069:reg:26:p8
Version: federal_register_of_legislation:F2025C00069
Segment Type: reg
Provision Reference: reg 26 (pt 8/13)
Character Range: 588905–591466

to 10 decimal places (rounding up if the eleventh decimal place is 5 or more):
where:
a represents a covered asset class for the quarter, where the value of "a" corresponds to the number of the item of the table in regulation 9AB.17 relating to the quarter that identifies that covered asset class for the quarter.
Example: If a=2, then "a" represents the covered asset class identified in item 2 of the table in regulation 9AB.17 that relates to the quarter.
A means the number of covered asset classes identified in the table in regulation 9AB.17 that relates to the quarter.
ART, in relation to a covered asset class and a quarter, means the assumed rate of tax for the quarter for the covered asset class.
fee, in relation to a covered asset class and a quarter, means the assumed annual fee for the quarter for the covered asset class.
index, in relation to a covered asset class and a quarter, means the index of the covered asset class for the quarter.
n means the number of quarters in the lookback period, divided by 4.
SAA, in relation to a covered asset class and a quarter, means the Part 6A product's strategic asset allocation in relation to the quarter to the covered asset class for the quarter.
t represents a quarter in a consecutive sequence of quarters, where if t=1, the quarter is the first quarter that starts in the lookback period.

Standard Part 6A products that report gross investment return net of fees
 (3) Subregulation (4) applies in relation to a Part 6A product and a quarter if:
 (a) it is not possible to identify the Part 6A product's net investment return in relation to the quarter from information available to APRA; but
 (b) it is possible to identify the Part 6A product's gross investment return net of fees in relation to the quarter from information available to APRA.
 (4) For the purposes of subregulation (2):
 (a) treat ART, in relation to a covered asset class and the quarter, as being zero; and
 (b) in working out index in relation to a covered asset class identified in item 24, 25 or 26 of the table in regulation 9AB.17 and the quarter by applying subregulation 9AB.5A(7), treat ART in that subregulation as being zero.

Trustee‑directed products
 (5) Subregulation (6) applies in relation to a Part 6A product and a quarter if:
 (a) the Part 6A product is a trustee‑directed product; and
 (b) at the end of the quarter, there are no member assets supporting the Part 6A product that are referable to any of the investment pathways of the Part 6A product.
 (6) For the purposes of subregulation (2), treat