Western Australian Current Regulations

STATE SUPERANNUATION REGULATIONS 2001 - REG 196D

196D .         Transfer of benefits to scheme by new Member

        (1)         When a person becomes a Term Allocated Pension Member he or she must transfer to the Term Allocated Pension Scheme all or part of the benefit referred to in regulation 196B(1).

        (2)         The person may also transfer to the Term Allocated Pension Scheme all or part of any other —

            (a)         benefit that is immediately payable to the person from another scheme or another superannuation fund; or

        [(b)         deleted]

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

            (c)         phased retirement benefit payable to the person.

        (3)         A transfer under subregulation (1) or (2) must be made before the person’s first pension day.

        (4)         The Board must refuse the transfer of an amount that is less than the pre‑set minimum (if any).

        (4A)         Subregulation (4) does not apply if the Board is satisfied it is appropriate to accept the transfer because of the special circumstances of the person.

        (5)         A transfer under this regulation must be made to the Term Allocated Pension Scheme directly from the other scheme or superannuation fund.

        [Regulation 196D inserted: Gazette 10 Dec 2004 p. 5897; amended: Gazette 26 May 2006 p. 1923; 13 Apr 2007 p. 1585; 6 Jun 2007 p. 2626; 10 Jan 2017 p. 154; SL 2023/205 r. 21.]