79Public sector funds established before 1 July 1990—historical cost ratio for the 1994‑95 year of income

#### 79 Public sector funds established before 1 July 1990—historical cost ratio for the 1994‑95 year of income (1) This section applies to a regulated superannuation fund, if the fund is a public sector fund established before 1 July 1990. (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) the percentage equal to the historical cost ratio of the fund’s in‑house assets as at the end of 1 July 1990; (b) 10%. (3) Section 72 is to be ignored in working out the percentage mentioned in paragraph (2)(a).