New South Wales Repealed Regulations

This legislation has been repealed.

SUPERANNUATION (GOVERNMENT CLEANING SERVICE EMPLOYEES TRANSFER) REGULATION 1994 - REG 4

4 Transfer of preserved benefit to an appropriate superannuation scheme

(1) If:

(a) a GCS contributor exercises his or her entitlement to make provision for a preserved benefit in the State Fund, and

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

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

(d) the Board approves that fund under clause 5,

the Board is required to pay the benefit to that fund so that that benefit can be applied to the credit of the contributor in that 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) (c) and the Board has approved the fund under clause 5.

(2A) Despite subclause (1) (c), a contributor may nominate a superannuation fund for the purposes of subclause (1) (c) on or after 12 August 1994 but not later than 31 December 1995.

(3) The exercise by a GCS contributor of an entitlement to make provision for a preserved benefit is taken to have had effect immediately after 28 January 1994.