Western Australian Current Regulations Western Australian Current Regulations (1) A Retirement
Income Member may request the Board to divide the Member’s retirement
income account into a cash sub‑account and an investment
sub‑account.
(2) The Member must
set out in a request under subregulation (1) —
(a) the
amount that is to be allocated to each sub‑account (the sum of which
must be equal to the balance of the Member’s account); or
(b) the
proportion of the balance of the account that is to be allocated to each
sub‑account,
at the time the
sub‑accounts are established.
(3) A Member whose
retirement income account has been divided into sub‑accounts under this
regulation may request the Board to —
(a)
transfer a specified amount from one sub‑account to the other; or
(b)
change the proportion of the balance of the Member’s account that is
held in each sub‑account; or
(c)
combine the sub‑accounts into a single account.
(4) The Board is to
comply with a request under subregulation (1) or (3) but the Board is not
otherwise required to ensure that balances of the sub‑accounts remains
in accordance with the requested amounts or proportions.
[Regulation 179 inserted: Gazette
19 Mar 2003 p. 822-3; amended: Gazette 10 Dec 2004
p. 5895.]