AustLII Tasmanian Numbered Regulations

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RETIREMENT BENEFITS REGULATIONS 2005 (S.R. 2005, NO. 77) - REG 71

Release of preserved benefits

(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.



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