Document ID: chunk:federal_register_of_legislation:F2025C00069:reg:26:p2
Version: federal_register_of_legislation:F2025C00069
Segment Type: reg
Provision Reference: reg 26 (pt 2/7)
Character Range: 619647–622327

in which a notice mentioned in subsection 60E(2) of the Act must be; and
 (b) kinds of information that must be contained in such a notice.
 (2) The information set out in Schedule 2A is specified as a kind of information
 (3) If the notice includes an electronic communication as mentioned in subparagraph 60E(5)(a)(ii) of the Act:
 (a) the text "Important notice about your super product's performance" is specified as a kind of information; and
 (b) inclusion of that text in the subject line for the electronic communication is specified as a form.

9AB.20  Requirements for reopening determination—subsection 60F(4) of Act
 (1) For the purposes of subsection 60F(4) of the Act, this regulation specifies a requirement in relation to a Part 6A product and an entity.
Note: Subsections 60F(3) and (4) of the Act provide that if APRA is satisfied that this requirement is met, it may make a determination that has the effect that each trustee of the entity is released from the obligation in subsection 60F(2) of the Act (to ensure that there are no new beneficiaries for the Part 6A product).
 (2) The requirement is that the performance measure for the Part 6A product for the most recently ended financial year equals or exceeds ‑0.005.

Division 9AB.3—Comparison rankings

9AB.21  Specified formula as basis for ranking Part 6A products—performance assessment met
 (1) This regulation applies in relation to a Part 6A product for which the requirement in subsection 60D(1) of the Act is met in relation to a financial year.
 (2) For the purposes of paragraph 60J(3)(a) of the Act:
 (a) this paragraph specifies the formula set out in regulation 9AB.23 (net return ranking formula) as a basis for ranking Part 6A products in relation to the financial year; and
 (b) this paragraph specifies the formula set out in regulation 9AB.24 (fee ranking formula) as a basis for ranking that Part 6A products in relation to:
 (i) a beneficiary who holds the Part 6A product; and
 (ii) a year (the relevant year) that is the financial year, or the year that is the period of 12 months ending on 30 September, 31 December or 31 March in the next financial year.

9AB.22  Specified formula as basis for ranking Part 6A products—performance assessment not met
 (1) This regulation applies in relation to a Part 6A product for which the requirement in subsection 60D(1) of the Act is not met in relation to a financial year.
 (2) For the purposes of paragraph 60J(3)(a) of the Act:
 (a) this paragraph specifies the formula set out in regulation 9AB.23 (net return ranking formula) as a basis for ranking Part 6A products in relation to the financial year; and
 (b) this paragraph specifies