State Superannuation Regulations 2001

The Board is to debit to a GESB Super Member’s GESB Super account —

any amounts paid as benefits to, or in respect of, the Member; and

any amounts transferred to other schemes or to other superannuation funds in satisfaction of the Member’s entitlement to a benefit from the GESB Super Scheme; and

any overpaid amounts deducted from the account under regulation 248B(2)(b)(ii); and

any splittable contributions transferred by the Member under regulation 98; and

any amount paid in respect of the Member or in respect of the account under regulation 105A, 105B, 105C, 105D, 105E or 126; and

the amount of any benefit of the member included in a payment made under regulation 121A.

The Board may debit to a GESB Super Member’s GESB Super account —

the costs of insurance provided in respect of the Member under regulations 111 and 112; and

administrative costs to the extent that they have not been taken into account in the determination of earning rates under regulation 110; and

any tax or other amounts required by a written law or a law of the Commonwealth to be paid by the Board in respect of the Member; and

the amount of any fees payable by the Member for, or in relation to, any product or service provided to the Member in accordance with section 6(1)(e) of the Act.

The Board may only debit an amount to a GESB Super account —

under subregulation (2)(b), if an actuary has advised that it is appropriate for that amount to be debited to that account; or

under subregulation (2)(d), if the Member has given the Board written consent to the debiting of that amount to the account.

If the Board debits an amount to a GESB Super account under subregulation (2)(d) in respect of a fee payable to a person other than the Board, the Board must pay the amount deducted to that other person.