New South Wales Repealed Regulations

This legislation has been repealed.

STATE AUTHORITIES SUPERANNUATION (GOVERNMENT INSURANCE OFFICE EMPLOYEES) TRANSITIONAL REGULATION 1992 - REG 5

5 Disposition of a preserved benefit

If a transferred contributor has, in accordance with clause 4 (2), directed his or her preserved benefit to be paid to the trustees of a GIO Superannuation Scheme or Schemes, the Board must, at the time of paying the benefit to the trustees, satisfy itself that the trust deed relating to the Scheme includes provisions that adequately provide for the disposition of amounts paid to the trustees of the Scheme from other superannuation schemes and that those provisions:

(a) reflect the amount of the preserved benefit paid to the trustees, or

(b) take into account:

(i) the contributor's accrued benefit points in the State Authorities Superannuation Fund, and

(ii) the period of service of the contributor in the State Authorities Superannuation Fund,