Document ID: chunk:federal_register_of_legislation:F2024C01249:front:0:p14
Version: federal_register_of_legislation:F2024C01249
Segment Type: other
Provision Reference: 
Character Range: 36639–39238

following requirements:
 (a) the scheme invests at least 80% of its assets in money in an account with a bank on the basis that the money is available for withdrawal:
 (i) immediately during the bank's normal business hours; or
 (ii) at the end of a fixed‑term period that does not exceed 3 months;
 (b) the scheme invests at least 80% of its assets in money on deposit with a bank on the basis that the money is available for withdrawal:
 (i) immediately during the bank's normal business hours; or
 (ii) at the end of a fixed‑term period that does not exceed 3 months;
 (c) the scheme invests at least 80% of its assets under 1 or more arrangements by which the responsible entity of the scheme can reasonably expect to realise the investment, at the market value of the assets, within 10 days.
simple sub‑fund product means a security in a retail CCIV that is, or was, offered because the security is referable to a sub‑fund of the CCIV (other than a passport fund) that meets one of the following requirements:
 (a) the CCIV, in respect of the sub‑fund, invests at least 80% of the assets of the sub‑fund in money in an account with a bank on the basis that the money is available for withdrawal:
 (i) immediately during the bank's normal business hours; or
 (ii) at the end of a fixed‑term period that does not exceed 3 months;
 (b) the CCIV, in respect of the sub‑fund, invests at least 80% of the assets of the sub‑fund in money on deposit with a bank on the basis that the money is available for withdrawal:
 (i) immediately during the bank's normal business hours; or
 (ii) at the end of a fixed‑term period that does not exceed 3 months;
 (c) the CCIV, in respect of the sub‑fund, invests at least 80% of the assets of the sub‑fund under one or more arrangements by which the corporate director of the CCIV can reasonably expect to realise the investment, at the market value of the assets, within 10 days.
SIS Act means the Superannuation Industry (Supervision) Act 1993.
SIS Regulations means the Superannuation Industry (Supervision) Regulations 1994.
sub‑plan, in relation to a regulated superannuation fund, means a segment of the fund comprising a member or members of the fund, being a sub‑plan that the trustee determines should be made.
successor fund has the same meaning as in the SIS Regulations.
superannuation interest has the same meaning as in the SIS Act.
superannuation lump sum has the meaning given by subsection 995‑1(1) of the Income Tax Assessment Act 1997.
superannuation scheme means a complying superannuation fund within the meaning of subsection 995‑1(1) of the