Document ID: chunk:federal_register_of_legislation:F2025C00069:reg:3:p50
Version: federal_register_of_legislation:F2025C00069
Segment Type: reg
Provision Reference: reg 3 (pt 50/71)
Character Range: 518270–520973

best interests of the members or beneficiaries of the fund or sub‑fund.
 (6) The trustee of the fund or sub‑fund must comply with a written direction under subregulation (5).

9.29A  Actuarial investigation standard—exemption
 (1) Regulation 9.29 does not apply to a defined benefit fund or a defined benefit sub‑fund to which this regulation applies.
 (2) This regulation applies to a defined benefit fund or a defined benefit sub‑fund that pays a defined benefit pension to at least one member.
 (3) The trustee must require annual actuarial investigations to be made in relation to the fund or sub‑fund, starting from the day that is 1 year after the day on which the fund or sub‑fund made the first defined benefit pension payment.

9.30  Actuarial reporting standard
 (1) A trustee of a defined benefit fund or a defined benefit sub‑fund must obtain an actuarial report in accordance with this regulation in relation to each investigation that is required to be made under regulation 9.29 or 9.29A in relation to the fund or sub‑fund.
 (2) The actuarial report must be obtained within the period of 12 months commencing on the date immediately following the valuation date in relation to the fund or sub‑fund.
 (3) The actuarial report must contain the information mentioned in regulation 9.31.

9.31  Contents of actuarial report
 (1) For regulation 9.30, an actuarial report must contain, in addition to any other required information:
 (a) a statement of the value of the assets of the fund or sub‑fund at the valuation date; and
 (b) a statement of the SMSF actuary's opinion on whether, at the valuation date, the value of the fund's or sub‑fund's assets is adequate to meet the value of the fund or sub‑fund's liabilities in relation to the accrued benefits of members of the fund or sub‑fund; and
 (c) for a regulated superannuation fund that has at least one defined benefit member who is being paid a defined benefit pension from the fund, but which has no defined benefit sub‑funds—a statement of the SMSF actuary's opinion on whether, at the valuation date, there is a high degree of probability that the defined benefit fund will be able to pay the pension as required under the fund's governing rules; and
 (d) for a defined benefit sub‑fund from which at least one defined benefit member is being paid a defined benefit pension—a statement of the SMSF actuary's opinion on whether, at the valuation date, there is a high degree of probability that the defined benefit sub‑fund will be able to pay the pension as required under the fund's governing rules.
 (e) a statement recommending, in relation to the 3‑year period immediately following the valuation date:
 (i) the rate at which,