Western Australian Current Regulations

STATE SUPERANNUATION REGULATIONS 2001 - REG 196B

196B .         Term Allocated Pension Members, who may be

        (1)         A person listed in subregulation (1a) may apply to become a Term Allocated Pension Member if he or she is entitled to —

            (a)         immediate payment of a lump sum benefit from another scheme or another superannuation fund; or

        [(b)         deleted]

            (ba)         an amount of a transfer benefit available for transfer under regulation 44B; or

            (c)         payment of a phased retirement benefit.

        (1a)         A person may apply under subregulation (1) if he or she is —

            (a)         a Member; or

            (b)         a Pension Scheme Member or a Provident Scheme Member; or

            (c)         in receipt of, or entitled to receive, a pension under the Pension Scheme; or

            (d)         a former member; or

            (e)         a Term Allocated Pension Member applying for a second or subsequent term allocated pension; or

            (f)         a partner or former partner of a person mentioned in paragraphs (a) to (e).

        (2)         The Board is to accept an application under this regulation unless the Board considers that the applicant, if accepted as a Term Allocated Pension Member, will not comply with regulation 196D.

        (3)         If a person becomes a Term Allocated Pension Member for a second or subsequent term allocated pension, these regulations apply as if he or she were, in respect of each term allocated pension, a separate person.

        [Regulation 196B inserted: Gazette 10 Dec 2004 p. 5896-7; amended: Gazette 26 May 2006 p. 1922; 13 Apr 2007 p. 1584-5; 6 Jun 2007 p. 2626; 10 Jan 2017 p. 154.]