Board to invest in accord with Member’s plan
109 Board to invest in accord with Member’s plan
For each GESB Super Member who selects a readymade investment plan the Board must, as far as is practicable —
invest the Member’s assets in accordance with the asset allocation determined under regulation 106 for that investment plan; and
ensure that the investment of the Member’s assets remains in accordance with that asset allocation until the Member selects a different investment plan.
For a GESB Super Member who selects a personalised investment plan the Board must invest —
the Member’s assets as at the time the Board gives effect to the selection (selection day); and
contributions made or transferred for the Member, and any benefits transferred to the Fund for the Member, after the selection day,
in accordance with the asset allocation selected by the Member, but, unless the Board and the Member agree otherwise, the Board is not required to ensure that the investment of the Member’s assets remains in accordance with that asset allocation.
In this regulation —
Member’s assets means the assets of the Fund that represent the GESB Super account of a GESB Super Member.
[Regulation 109 inserted: Gazette 13 Apr 2007 p. 1649-50; amended: Gazette 10 Jan 2017 p. 152.]
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