State Superannuation Regulations 2001

For each Retirement Income 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 184 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 Retirement Income 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 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.

If a Member’s retirement income account is divided into sub‑accounts under regulation 179, the Board is to invest the Member’s assets in accordance with this regulation as if —

each of the sub‑accounts were a retirement income account maintained for a separate person; and

the person for whom the investment sub‑account is maintained had selected, under regulation 186, the investment plan selected by the Member under that regulation; and

the person for whom the cash sub‑account is maintained had selected, under regulation 186, the investment plan referred to in regulation 184(2).

In this regulation —