Western Australian Current Regulations

STATE SUPERANNUATION REGULATIONS 2001 - REG 208

208 .         Amounts to be credited to retirement access accounts

        (1)         The Board is to credit to a GESB Super (Retirement Access) Member’s retirement access account —

        [(a)         deleted]

            (b)         any contributions made by the Member under regulation 205; and

            (c)         any benefits transferred to the GESB Super (Retirement Access) Scheme under regulation 206; and

            (ca)         any amounts accepted in respect of the Member under regulation 206A; and

            (d)         earnings in accordance with regulation 210; and

            (e)         any amounts transferred from reserves maintained under section 20A of the Act in accordance with the Board’s reserving strategy and any relevant Treasurer’s guidelines.

        (2A)         If —

            (a)         a benefit becomes payable on the death on or after 1 January 2010 of a GESB Super (Retirement Access) Member; and

            (b)         the Board would be entitled to a deduction under the Income Tax Assessment Act 1997 (Commonwealth) section 295‑485 if it were to increase the amount of the benefit,

                then the Board may, if it considers it appropriate to do so, credit to the Member’s retirement access account an amount determined by the Board, not exceeding the tax saving amount in respect of the benefit.

        (2)         The Board may temporarily keep amounts transferred to the GESB Super (Retirement Access) Scheme for a GESB Super (Retirement Access) Member, together with amounts transferred for other GESB Super (Retirement Access) Members, in an account maintained for that purpose until those amounts are credited to the appropriate retirement access accounts.

        [Regulation 208 inserted: Gazette 28 Jun 2002 p. 3016; amended: Gazette 19 Mar 2003 p. 839; 1 Dec 2004 p. 5717; 13 Apr 2007 p. 1594; 11 Apr 2008 p. 1377, 1379 and 1380; 8 Jan 2010 p. 30; 10 Jan 2017 p. 155‑6.]