Instructions:

• This resolution may be used to establish an investment reserve to facilitate the smoothing of investment returns from year to year.
• The creation and operation of a reserve is subject to the Minimum Benefit Standards of the Superannuation Industry (Supervision) Regulations, 1994;
• This resolution can be used by both corporate and individual trustees.
• All trustees/directors must sign the resolution.
• The resolution must be dated.
• The trustee must (by reason of s52(2)(g) of the SIS Act) formulate and give effect to a strategy for the prudential management of the reserve.  The prudential management strategy must be consistent with the investment strategy of the fund and also consistent with the cashflow requirements of the fund.