State Superannuation Regulations 2001

The Board must credit to a GESB Super Member’s GESB Super account —

contributions (including non‑government contributions) made to the GESB Super Scheme for the Member; and

any Commonwealth payments made to the GESB Super Scheme for the Member and accepted under regulation 93; and

any benefits transferred to the GESB Super Scheme for the Member; and

any splittable contributions transferred for the benefit of the Member under regulation 98 or 99; and

any amounts received from an insurer in respect of the Member under insurance provided under regulation 111 or 112 (including any amounts paid under regulation 94A); and

any interest paid to the Board under section 25 of the Act in respect of the late payment of contributions payable to the GESB Super Scheme for the Member; and

earnings in accordance with regulation 104; and

any amounts transferred to the GESB Super Scheme from reserves maintained under section 20A of the Act in accordance with the Board’s reserving strategy and any relevant Treasurer’s guidelines; and

any amount that the Board transfers to the GESB Super Scheme from a retirement income account under regulation 181(1)(f) or from a term allocated pension account under regulation 196H(1)(b) to comply with a commutation authority issued to the Board in respect of the Member.

If —

a benefit becomes payable on the death on or after 1 January 2010 of a GESB Super Member; and

the Board would be entitled to a deduction under the Income Tax Assessment Act 1997 (Commonwealth) section 295‑485 if it were to increase the amount of the benefit,

The Board may temporarily keep contributions made for a GESB Super Member, together with contributions made for other GESB Super Members, in an account maintained for that purpose until the contributions are credited to the appropriate GESB Super accounts.