Early payment for purpose of phased retirement benefit
79B Early payment for purpose of phased retirement benefit
Subject to subregulation (1b), a West State Super Member who has reached the preservation age may request the Board to transfer —
the balance of the Member’s west state account; or
part of the balance of the Member’s west state account,
to another scheme or superannuation fund for the purpose of providing a phased retirement benefit for the Member and the Board is to comply with that request.
[(1a) deleted]
The Board must refuse a request under subregulation (1)(b) for the transfer of an amount that reduces the balance in the Member’s west state account to less than the pre‑set minimum (if any).
Subregulation (1b) does not apply if the Board is satisfied it is appropriate to comply with the request because of the special circumstances of the Member.
If a West State Super Member requests a transfer under subregulation (1), and the amount of the transfer requested is equal to an amount transferred to the West State Super Scheme from the Gold State Super Scheme for the Member under regulation 44B —
the requirement in subregulation (1) that the Member has reached the preservation age does not apply; and
subregulation (1b) does not apply.
[Regulation 79B inserted: Gazette 26 May 2006 p. 1919; amended: Gazette 13 Apr 2007 p. 1608, 1623‑4 and 1629; 8 Jul 2008 p. 3230; 24 Nov 2009 p. 4742; 8 Jul 2011 p. 2900; SL 2023/205 r. 10.]
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.