Document ID: chunk:federal_register_of_legislation:C2024C00866:section:52bc
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 52BC
Character Range: 745706–746603

52BC  Value of superannuation reserves for superannuation funds of 4 members or less
 (1) This section applies in calculating the value of a person's investment in a superannuation fund if:
 (a) the fund has 4 or fewer members; and
 (b) the fund has reserves (within the meaning of section 115 of the Superannuation Industry (Supervision) Act 1993).
Note: The value of a person's investment in a superannuation fund is only included in the value of the person's assets after the person reaches pension age or starts to receive a pension or annuity out of the fund (see paragraph 52(1)(f)).
 (2) Despite paragraph 52(1)(g), the value of the person's investment in the superannuation fund includes the following amount:
 (3) However, if it is not possible to work out the person's interest in the superannuation fund, the value of the person's investment in the fund includes the following amount: