Regulation 18 Fund apportionment

The Local Government Superannuation (Water) Regulations 1989^f1 are amended by inserting after regulation 10 the following:

“10A

No apportionment of the old main fund referred to in regulation 2 which is required to be made in consequence of regulation 10 shall be calculated before every apportionment of that fund which is required to be made in consequence of regulation 7 has been calculated.”.