Early payment in case of temporary resident departing Australia
125 Early payment in case of temporary resident departing Australia
A GESB Super Member may apply to the Board for the early release of the balance of the Member’s GESB Super account if the Member —
is no longer a temporary resident (as defined in the SIS Regulations regulation 6.01(2)); and
has permanently departed from Australia.
The Board must accept the application if satisfied that, if the GESB Super Scheme were a regulated superannuation fund, the Board would be required under the SIS Regulations regulation 6.20A to cash the Member’s benefit.
If the Board accepts an application under this regulation, the Board must pay the Member a benefit of an amount equal to the balance of the Member’s GESB Super account within 28 days of receiving the application.
[Regulation 125 inserted: Gazette 13 Apr 2007 p. 1661-2; amended: SL 2021/132 r. 7.]
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