New South Wales Repealed Regulations

This legislation has been repealed.

SUPERANNUATION (JOINT COAL BOARD--COAL INDUSTRY TRIBUNAL EMPLOYEES) TRANSITIONAL REGULATION 1993 - REG 4

4 Transfer of preserved benefit to the Commonwealth Public Sector Superannuation Fund

(1) If:

(a) a contributor exercises the contributor's entitlement to make provision for a preserved benefit in the State Fund, and

(b) the contributor is therefore entitled to be paid the actuarially calculated lump sum value of that benefit in accordance with clause 3 (1) of Schedule 23 to the Act on ceasing to be a contributor, and

(c) the contributor exercises that entitlement before 4 February 1993,

the State Authorities Superannuation Board is required to pay an amount equal to that lump sum value to the Commonwealth Superannuation Board of Trustees No 1 for crediting to the Public Sector Superannuation Fund.

(2) The payment must be made as soon as practicable after the exercise of the entitlement.