Part 7Administration expenses—F

## Part 7—Administration expenses—F 19 Application of Part 7 This Part applies for the purpose of working out, for a member of a defined benefits superannuation scheme for a financial year, the amount (F) that represents the value of the administration expenses (excluding investment expenses) in respect of the member for the financial year. 20 Rate of administration expenses The rate of administration expenses (excluding investment expenses) to be applied is: (a) the rate assumed for the purposes of the most recent actuarial valuation of the scheme; or (b) if an eligible actuary considers that the rate of administration expenses adopted at the most recent actuarial valuation of the scheme is no longer appropriate, or no previous actuarial valuation of the scheme has been prepared, a rate that the actuary considers is appropriate for the particular scheme.