New South Wales Repealed Regulations

This legislation has been repealed.

STATE AUTHORITIES SUPERANNUATION (CENTRE FOR BONE AND JOINT DISEASES EMPLOYEES' SUPERANNUATION) REGULATION 1994 - REG 5

5 Transfer of affected contributor's preserved benefit to an approved superannuation fund

(1) If:

(a) an affected contributor, in consequence of having exercised the contributor's entitlement to make provision for a preserved benefit in the SAS Fund, is entitled to be paid the benefit in accordance with clause 3 (1) of Schedule 5 to the Act on ceasing to be a contributor to the SAS Fund, and

(b) before 12 August 1994, the contributor nominates a superannuation fund to which the benefit may be transferred, and

(c) the Board approves the superannuation fund in accordance with clause 6,

the Board is required to pay the benefit to the nominated superannuation fund.

(2) The payment must be made as soon as practicable after the contributor has nominated a superannuation fund for the purposes of subclause (1) (b) and the Board has approved the fund in accordance with clause 6.

(3) The transfer of a contributor's superannuation coverage in accordance with this clause is taken to have had effect on and from the relevant date, despite anything in this clause to the contrary.