Member may request payment or transfer of benefit
217 Member may request payment or transfer of benefit
A GESB Super (Retirement Access) Member may request the Board to —
pay to the Member; or
transfer to another scheme or to another superannuation fund,
a benefit of an amount equal to all or part of the balance of the Members retirement access account.
A request under subregulation (1)(a) may be made —
in relation to so much of the Member’s account balance as constitutes an unrestricted non‑preserved benefit, at any time; or
in relation to so much of the Member’s account balance as constitutes a restricted non‑preserved benefit, at any time after the Member has ceased to be a worker.
[(c) deleted]
A request under subregulation (1)(b) may be made at any time.
The Board must refuse a request for the payment or transfer of an amount that is, or the payment or transfer of an amount that reduces the balance in the Member’s retirement access account to, less than the pre‑set minimum (if any).
Subregulation (2) does not apply if —
the amount requested is the whole of the balance in the account; or
the Board is satisfied it is appropriate to comply with the request because of the special circumstances of the Member.
[Regulation 217 inserted: Gazette 28 Jun 2002 p. 3019; amended: Gazette 11 Apr 2008 p. 1378 and 1380; 10 Jan 2017 p. 156; SL 2023/205 r. 22.]
[218. Deleted: Gazette 13 Apr 2007 p. 1596.]
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