(1)  Where the Board is required to preserve a lump sum benefit entitlement under Part 5 or 6 , that benefit entitlement may be paid by the Board only where regulated superannuation funds are permitted under the SIS Act to make such a payment in similar circumstances.

(2)  The Board must notify –

(a) an RBF member; or

(b) a person entitled to the preserved benefit in accordance with regulation 130  –

whichever is appropriate, of the entitlement to a preserved benefit that has become payable by sending a written notice to that person's last known address.

(3)  Where a person with an entitlement to a preserved benefit dies, the Board is to pay that benefit in accordance with regulation 130 .

(4)  Where the Board has determined in accordance with regulation 118(7) that a person with an entitlement to a preserved benefit is suffering from total and permanent incapacity, the Board is to pay that benefit to that person.