Document ID: chunk:federal_register_of_legislation:F2025C00069:reg:26:p4
Version: federal_register_of_legislation:F2025C00069
Segment Type: reg
Provision Reference: reg 26 (pt 4/13)
Character Range: 578907–581620

Act 2001) of the entity;
have failed to meet the requirement in subsection 60D(1) of the Act in relation to any financial year.
 (6) APRA must give a notice of the determination to the trustee of the superannuation entity specified in the determination. The notice must:
 (a) be in writing; and
 (b) include a copy of the determination.

APRA's determination—paragraph (2)(b)
 (7) For the purposes of paragraph (2)(b), APRA may make a determination, in writing, specifying:
 (a) a Part 6A product; and
 (b) the superannuation entity that offers the Part 6A product; and
 (c) a financial year; and
 (d) a day occurring:
 (i) after 15 August; and
 (ii) on or before 31 August;
  in the next financial year.
 (8) APRA must give a notice of the determination to the trustee of the superannuation entity specified in the determination. The notice must:
 (a) be in writing; and
 (b) include a copy of the determination.

Hybrid platform TDP
 (9) Subregulation (10) applies if the Part 6A product mentioned in subregulation (1) is a hybrid platform TDP.
 (10) In applying subregulation (2) in relation to the hybrid platform TDP:
 (a) work out 2 performance measures for the hybrid platform TDP, as follows:
 (i) assume that the hybrid platform TDP were 2 separate Part 6A products;
 (ii) assume that one of those separate products was a standard platform TDP, and had the characteristics of the hybrid platform TDP relating to it being offered through investment menus of the platform type;
 (iii) assume that the other of those separate products was a trustee‑directed product that was not a platform TDP, and had the characteristics of the hybrid platform TDP relating to it being offered through investment menus of the generic type, the lifecycle option type, or both (as the case may be);
 (iv) work out the performance measures for the 2 separate Part 6A products in accordance with subregulation (3); and
 (b) treat subparagraph (2)(a)(i) as reading "both performance measures for the Part 6A product for the assessment year equal or exceed ‑0.005".

9AB.11  Meaning of actual return—standard Part 6A products
 (1) This regulation applies to standard Part 6A products.
 (2) The actual return, for a Part 6A product for a lookback period for the product in respect of a financial year, is the amount calculated using the following formula, rounded to 10 decimal places (rounding up if the eleventh decimal place is 5 or more):
where:
n means the number of quarters in the lookback period, divided by 4.
return, in relation to a quarter, means:
 (a) if paragraph (b) does not apply—the Part 6A product's net investment return in relation to the quarter for the Part 6A product's standard fees and costs arrangement