Western Australian Current Regulations

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STATE SUPERANNUATION REGULATIONS 2001 - REG 114

114 .         Withdrawal benefit, when payable

        (1)         Subject to subregulation (4), if —

            (a)         a statutory GESB Super Member or voluntary GESB Super Member retires or ceases to be a worker; or

            (b)         an eligible statutory GESB Super Member otherwise ceases to be an eligible statutory GESB Super Member; or

            (c)         a partner GESB Super Member —

                  (i)         satisfies the criteria for payment of a benefit under regulation 118; or

                  (ii)         elects to withdraw from the GESB Super Scheme under regulation 86(3);

                or

            (da)         a GESB Super Member suffers from a terminal medical condition; or

            (d)         a GESB Super Member reaches 65 years of age,

                and no benefit is payable under regulation 115, the Member is entitled to a benefit of an amount equal to the balance of the Member’s GESB Super account.

        (2)         If the Member satisfies the criteria for payment of a benefit under regulation 118, the Board is to pay the benefit to the Member when requested by the Member to do so.

        (3)         If the Member does not satisfy the criteria for payment of a benefit under regulation 118, the benefit is preserved until those criteria are satisfied.

        (4)         If a Member is entitled to a benefit under this regulation and a benefit under regulation 116, the benefit under regulation 116 is to be paid first.

        [Regulation 114 inserted: Gazette 13 Apr 2007 p. 1653; amended: Gazette 1 Apr 2008 p. 1284; 8 Jul 2008 p. 3236; 10 May 2011 p. 1669; 8 Jul 2011 p. 2901.]



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