State Superannuation Regulations 2001

When a person becomes a Term Allocated Pension Member he or she must transfer to the Term Allocated Pension Scheme all or part of the benefit referred to in regulation 196B(1).

The person may also transfer to the Term Allocated Pension Scheme all or part of any other —

benefit that is immediately payable to the person from another scheme or another superannuation fund; or

amount of a transfer benefit available for transfer under regulation 44B; or

phased retirement benefit payable to the person.

A transfer under subregulation (1) or (2) must be made before the person’s first pension day.

The Board must refuse the transfer of an amount that is less than the pre‑set minimum (if any).

Subregulation (4) does not apply if the Board is satisfied it is appropriate to accept the transfer because of the special circumstances of the person.

A transfer under this regulation must be made to the Term Allocated Pension Scheme directly from the other scheme or superannuation fund.