Term Allocated Pension Members, who may be
196B Term Allocated Pension Members, who may be
A person listed in subregulation (1a) may apply to become a Term Allocated Pension Member if he or she is entitled to —
immediate payment of a lump sum benefit from another scheme or another superannuation fund; or
[(b) deleted]
an amount of a transfer benefit available for transfer under regulation 44B; or
payment of a phased retirement benefit.
A person may apply under subregulation (1) if he or she is —
a Member; or
a Pension Scheme Member or a Provident Scheme Member; or
in receipt of, or entitled to receive, a pension under the Pension Scheme; or
a former member; or
a Term Allocated Pension Member applying for a second or subsequent term allocated pension; or
a partner or former partner of a person mentioned in paragraphs (a) to (e).
The Board is to accept an application under this regulation unless the Board considers that the applicant, if accepted as a Term Allocated Pension Member, will not comply with regulation 196D.
If a person becomes a Term Allocated Pension Member for a second or subsequent term allocated pension, these regulations apply as if he or she were, in respect of each term allocated pension, a separate person.
[Regulation 196B inserted: Gazette 10 Dec 2004 p. 5896-7; amended: Gazette 26 May 2006 p. 1922; 13 Apr 2007 p. 1584-5; 6 Jun 2007 p. 2626; 10 Jan 2017 p. 154.]
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