Terms used
83 Terms used
In this Part —
eligible statutory GESB Super Member means a statutory GESB Super Member, other than a person who has become excluded by regulation 84(2), (3), (4A) or (4) from being a statutory GESB Super Member;
gainfully employed has the same meaning as it has in the SIS Regulations;
GESB Super account means an account kept under regulation 101;
GESB withdrawal benefit means a benefit under regulation 114;
inactive low‑balance GESB Super account has the meaning given in subregulation (1A);
insurance cover means a group policy of insurance that provides cover for GESB Super Members;
Kiwisaver scheme has the meaning given in the Income Tax Assessment Act 1997 (Commonwealth) section 995‑1(1);
partner GESB Super Member means a person who became a partner GESB Super Member under regulation 86 and who has not subsequently become a statutory GESB Super Member or a voluntary GESB Super Member or ceased to be a GESB Super Member;
splittable contribution means a contribution to the GESB Super Scheme that would be a splittable contribution (as defined in regulation 6.42 of the SIS Regulations) if the GESB Super Scheme were a regulated superannuation fund;
statutory GESB Super Member means a person who became a statutory GESB Super Member under regulation 84 and who has not subsequently ceased to be a GESB Super Member;
voluntary GESB Super Member means a person who became a voluntary GESB Super Member under regulation 85 and who has not subsequently become a statutory GESB Super Member or ceased to be a GESB Super Member.
A GESB Super account is an inactive low‑balance GESB Super account at any time if during the period of 16 continuous months ending at that time —
the account has a balance of less than $6 000; and
no relevant contribution has been credited to the account; and
if the GESB Super Member in whose name the account is maintained is a West State Super Member, no relevant contribution has been credited to the Member’s west state account; and
the GESB Super Member in whose name the account is maintained is not a covered GESB Super Member as defined in regulation 111A; and
the GESB Super Member in whose name the account is maintained has not —
exercised any option or made any choice afforded to the Member under regulation 108 in connection with the selection of an investment plan in relation to the Member’s account; or
given a binding death benefit nomination under regulation 121; or
accrued an entitlement to the Member’s GESB withdrawal benefit on the basis of a circumstance specified in regulation 118(1); or
reached preservation age.
A GESB Super account is an inactive GESB Super account at any time if during the period of 16 continuous months ending at that time —
no relevant contribution has been credited to the account; and
if the GESB Super Member in whose name the account is maintained is a West State Super Member, no relevant contribution has been credited to the Member’s west state account; and
the Board has issued a notice (a notice of inactivity) in accordance with regulation 224AA to the GESB Super Member in whose name the account is maintained —
within 14 days after the condition in paragraph (a) has been satisfied for a period of 9 continuous months; and
within 14 days after the condition in paragraph (a) has been satisfied for a period of 12 continuous months; and
within 14 days after the condition in paragraph (a) has been satisfied for a period of 15 continuous months.
For the purposes of this Part a person is taken to retire upon the occurrence of circumstances because of which a person’s retirement would be taken to occur according to regulation 6.01(7) of the SIS Regulations.
[Regulation 83 inserted: Gazette 13 Apr 2007 p. 1630-1; amended: Gazette 8 Jul 2008 p. 3232; 8 Jul 2011 p. 2901; 17 Jan 2012 p. 471; 10 Jan 2017 p. 150; SL 2024/195 r. 10; SL 2025/59 r. 14.]
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