Document ID: chunk:federal_register_of_legislation:F2025C00069:reg:3:p38
Version: federal_register_of_legislation:F2025C00069
Segment Type: reg
Provision Reference: reg 3 (pt 38/71)
Character Range: 488066–490831

and solvency certificate, means the date specified in the certificate as the date on which the certificate expires.
minimum benefit index, in relation to a defined benefit fund, means the index calculated in accordance with regulation 9.15.
notifiable event, in relation to a defined benefit fund, means:
 (a) an amendment of the governing rules of the fund in a way that affects the level, or method of calculation, of the benefits of the fund; or
 (aa) the receipt by a trustee of the fund of a written direction from the Regulator under subregulation 9.09(1A); or
 (b) an event identified by a superannuation actuary, in accordance with paragraph 9.10(1)(c) or 9.18(9)(b), in a funding and solvency certificate relating to the fund.
period of technical insolvency, in relation to a defined benefit fund, means the period starting on the declared date and ending:
 (a) in the case where the responsible actuary is able to certify the solvency of the fund within 5 years of the declared date—on the effective date of the funding and solvency certificate in which the responsible actuary so certifies; and
 (b) in any other case—on the date 5 years after the declared date.
responsible actuary, in relation to a defined benefit fund, means a superannuation actuary who, under subregulation 9.19(3), has accepted responsibility for the fund during its period of technical insolvency.
special funding and solvency certificate means a funding and solvency certificate referred to in subregulation 9.18(2).
 (2) In this Division, a reference to the solvency of a fund is to be read as a reference to the minimum benefit index of the fund being certified in accordance with this Division as not less than 1.
 (3) In this Division, a reference to the technical insolvency of the fund is to be read as a reference to the minimum benefit index of the fund not being able to be certified in accordance with this Division as not less than 1.

9.07  Prescription of standards
  For the purposes of subsection 31(1) of the Act, the standards contained in regulations 9.08, 9.09 and 9.17 are prescribed as standards applicable to the operation of defined benefit funds to which this Division applies.

9.08  Funding standard
 (1) In respect of each year of income of a defined benefit fund to which this Division applies, an employer‑sponsor of the fund must pay contributions to the fund in accordance with this regulation.
 (2) The contributions paid must be not less than the certified minimum contributions relating to the fund.
 (3) Subject to subregulation (4), the contributions must be paid in accordance with any specification made by the superannuation actuary under paragraph 9.10(1)(g).
 (4) If, under paragraph 9.10(1)(g), a superannuation actuary has specified the