77Private sector funds established before 12 March 1985—historical cost ratio for the 1994‑95 year of income

#### 77 Private sector funds established before 12 March 1985—historical cost ratio for the 1994‑95 year of income (1) This section applies to a regulated superannuation fund, if the fund is a private sector fund established before 12 March 1985. (2) At all times during the fund’s 1994‑95 year of income when the fund was in existence, the historical cost ratio of the fund’s in‑house assets must not exceed whichever is the greater of the following percentages: (a) whichever is the lesser of the following percentages: (i) the percentage equal to the historical cost ratio of the fund’s in‑house assets as at the end of 11 March 1985; (ii) 70%; (b) 10%. (3) Section 72 is to be ignored in working out the percentage mentioned in subparagraph (2)(a)(i).