Western Australian Current Regulations

STATE SUPERANNUATION REGULATIONS 2001 - REG 181

181 .         Amounts to be debited to retirement income accounts

        (1)         The Board is to debit to a Retirement Income Member’s retirement income account —

            (a)         any amount required under regulation 177(1) to be transferred from the account; and

            (b)         any amounts paid as benefits to, or in respect of, the Member; and

            (c)         any amounts transferred to other schemes or to other superannuation funds in satisfaction of a Member’s entitlement to a benefit from the Retirement Income Scheme; and

            (d)         any amount paid in respect of the Member or in respect of the account under regulation 196AA, 196AB or 196AD; and

            (e)         the amount of any benefit of the member included in a payment made under regulation 196AC; and

            (f)         any amount transferred from the account to comply with a commutation authority issued to the Board in respect of the Member.

        (2)         The Board may debit to a Retirement Income Member’s retirement income account —

            (a)         administrative costs to the extent that they have not been taken into account in the determination of earning rates under regulation 188; and

            (b)         any tax or other amounts required by a written law or a law of the Commonwealth to be paid by the Board in respect of the Member; and

            (c)         the amount of any fees payable by the Member for, or in relation to, any product or service provided to the Member in accordance with section 6(1)(e) of the Act.

        (3)         The Board may only debit an amount to a retirement income account —

            (a)         under subregulation (2)(a), if an actuary has advised that it is appropriate for that amount to be debited to that account; or

            (b)         under subregulation (2)(c), if the Member has given the Board written consent to the debiting of that amount to the account.

        (3a)         If the Board debits an amount to a retirement income account under subregulation (2)(c) in respect of a fee payable to a person other than the Board, the Board must pay the amount deducted to that other person.

        (4)         If a Member’s retirement income account has been divided into sub‑accounts under regulation 179, then to the extent that the balance of the relevant sub‑account is sufficient to allow it to do so, the Board is to debit —

            (a)         pension payments made under regulation 191 to the Member’s cash sub‑account; and

            (b)         any other amount that is to be, or may be, debited to the Member’s retirement income account, to the Member’s investment sub‑account,

                unless the Member requests that the amount be debited to the Member’s other sub‑account.

        [Regulation 181 inserted: Gazette 19 Mar 2003 p. 823-4; amended: Gazette 13 Apr 2007 p. 1590-1 and 1662; 6 Jan 2015 p. 29; 10 Jan 2017 p. 154; 12 Oct 2018 p. 4062‑3.]