210
In forceEarnings to be credited to Member’s account
Part 5GESB Super (Retirement Access) Scheme
Division 4Retirement access accounts
210 Earnings to be credited to Member’s account
(1)
The Board is to credit earnings to each Member’s retirement access account at a rate equal to the Member’s earning rate on the balance of the account —
(a)
at least once every year; and
(b)
when a benefit is to be paid, or an amount transferred, from the Member’s retirement access account under Division 6.
(2)
The Board is to decide whether the earning rate is to be applied to daily balances, average balances or on some other basis.
[Regulation 210 inserted: Gazette 28 Jun 2002 p. 3016-17; amended: Gazette 19 Mar 2003 p. 840.]
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