Section 52BC — Veterans' Entitlements Act 1986: Value of superannuation reserves for superannuation funds of 4 members or less

(1) This section applies in calculating the value of a person’s investment in a superannuation fund if: (a) the fund has 4 or fewer members; and (b) the fund has reserves (within the meaning of section 115 of the Superannuation Industry (Supervision) Act 1993). Note: The value of a person’s investment in a superannuation fund is only included in the value of the person’s assets after the person reaches pension age or starts to receive a pension or annuity out of the fund (see paragraph 52(1)(f)). (2) Despite paragraph 52(1)(g), the value of the person’s investment in the superannuation fund includes the following amount: (3) However, if it is not possible to work out the person’s interest in the superannuation fund, the value of the person’s investment in the fund includes the following amount: