Document ID: chunk:federal_register_of_legislation:F2025C00069:reg:3:p63
Version: federal_register_of_legislation:F2025C00069
Segment Type: reg
Provision Reference: reg 3 (pt 63/71)
Character Range: 550527–553137

table in regulation 9AB.17 relating to the quarter is that:
 (a) the description of one of those classes contains the word "hedged"; and
 (b) the description of the other class contains the word "unhedged".
 (4A) Despite subregulation (4), for the purposes of subparagraph (2)(b)(i), treat the covered asset classes for a quarter listed in each of the following paragraphs as each being one covered asset class for the quarter:
 (a) the covered asset classes identified in items 2, 3, 4, 5, 6 and 7 of the table in regulation 9AB.17;
 (b) the covered asset classes identified in items 16, 17 and 18 of that table;
 (c) the covered asset classes identified in items 19, 20 and 21 of that table;
 (d) the covered asset classes identified in items 24, 25 and 26 of that table.

Exceptions
 (5) The exception in this subregulation applies if all the members of the fund who hold the class of beneficial interest in the fund are defined benefit members.
 (6) The exception in this subregulation applies if the assets of the fund that are invested in respect of the class of beneficial interest are invested only in one or more of the following:
 (a) a life policy under which contributions and accumulated earnings may not be reduced by negative investment returns or any reduction in the value of assets in which the policy is invested;
 (b) a life policy under which the benefit to a member (or a relative or dependant of a member) is based only on the realisation of a risk, not the performance of an investment;
 (c) an investment account contract the only beneficiaries of which are a member, and relatives and dependants of a member.
 (7) The exception in this subregulation applies if:
 (a) the trustee of the fund does not engage in any activity relating to the management of investments in respect of the class of beneficial interest; and
 (b) each entity that manages investments in respect of the class of beneficial interest is not a connected entity in relation to the trustee of the fund; and
 (c) the trustee of the fund does not engage in any activity relating to setting of strategic asset allocations to the class of beneficial interest; and
 (d) each entity that sets strategic asset allocations to the class of beneficial interest is not a connected entity in relation to the trustee of the fund.

9AB.3  Meaning of lifecycle Part 6A product
 (1) A Part 6A product is a lifecycle Part 6A product if:
 (a) the investments supporting the Part 6A product are divided into categories; and
 (b) each such category of investments is referrable to a lifestage of the Part 6A product.
 (2) Subregulation