Document ID: chunk:federal_register_of_legislation:F2022C00514:reg:11i
Version: federal_register_of_legislation:F2022C00514
Segment Type: reg
Provision Reference: reg 11I
Character Range: 41427–42576

11I  Unit value
 (1) Subject to these Rules, the unit value of a unit in a class of units held in an Investment Division in relation to member funded accounts and employer funded accounts for a particular day (the valuation day) that is a working day is the amount worked out using the formula:

where:
net asset value for the class means the net asset value of the Investment Division attributed to the class as at the end of the valuation day.
total number of units in the class means the total number of units in the class held in relation to member funded accounts and employer funded accounts.
 (2) However, if the valuation day is not a working day, the unit value of the unit is the unit value for the last working day before the valuation day unless CSC calculates the net asset value for the valuation day.
 (3) The unit value of a unit in the class of units held in the Investment Division in relation to a member unfunded account for a particular day is the same as the unit value for a unit mentioned in subrule (1) for that day.
 (4) In this rule:
working day means a day on which the Australian Stock Exchange is open for business.