Transferred benefit, payment or transfer of
122 Transferred benefit, payment or transfer of
A GESB Super Member who has a transferred benefit may request the Board to —
pay the benefit and earnings to the Member; or
transfer the benefit and earnings to another scheme or another superannuation fund.
The Board must comply with a request under subregulation (1)(a) unless the Board is satisfied that, if the GESB Super Scheme were a regulated superannuation fund, the Board would be prevented by the SIS Regulations from paying the benefit as requested.
The Board must comply with a request under subregulation (1)(b).
[(4)-(6) deleted]
In this regulation —
earnings, in relation to a transferred benefit, means so much of the earnings that have been credited to the Member’s GESB Super account since the benefit was transferred as are attributable to that benefit;
transferred benefit means a benefit that has been transferred to the GESB Super Scheme under regulation 96.
[Regulation 122 inserted: Gazette 13 Apr 2007 p. 1658-9; amended: Gazette 1 Apr 2008 p. 1285; 8 Jul 2008 p. 3237; 17 Jan 2012 p. 473; 10 Jan 2017 p. 153.]
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