Western Australian Current Regulations

STATE SUPERANNUATION REGULATIONS 2001 - REG 196T

196T .         Payment on death of Member, Member to select type of

        (1)         A Term Allocated Pension Member is to select —

            (a)         whether the benefit to be paid on the Member’s death (if he or she dies while still a Term Allocated Pension Member) is to be —

                  (i)         a lump sum benefit under regulation 196U; or

                  (ii)         a reversionary pension under regulation 196V;

                and

            (b)         if the Member selects a reversionary pension, the person to whom that pension is to be paid,

                and give notice of those selections to the Board before the Member’s first pension day.

        (2)         The person selected under subregulation (1)(b) must be a partner or dependant of the Member.

        (3)         If a Term Allocated Pension Member has not given notice of the Member’s selection to the Board before the Member’s first pension day, or the Member’s selection under subregulation (1)(b) does not comply with subregulation (2), the Member is taken to have selected a lump sum death benefit.

        [Regulation 196T inserted: Gazette 10 Dec 2004 p. 5905-6.]