South Australian Numbered Regulations

SOUTHERN STATE SUPERANNUATION VARIATION REGULATIONS 2005 (NO 209 OF 2005) - REG 6

6—Variation of Schedule—Invalidity/death insurance benefits

Schedule, Tables 1 and 2—delete the tables and substitute:

Table 1—Standard Insurance Cover

Age last Birthday	One Unit $	Cost/Week $
Up to 34	75 000	0.75
35	72 000	0.75
36	69 000	0.75
37	66 000	0.75
38	63 000	0.75
39	60 000	0.75
40	57 000	0.75
41	54 000	0.75
42	51 000	0.75
43	48 000	0.75
44	45 000	0.75
45	42 000	0.75
46	39 000	0.75
47	36 000	0.75
48	33 000	0.75
49	30 000	0.75
50	27 000	0.75
51	24 000	0.75
52	22 000	0.75
53	20 000	0.75
54	18 000	0.75
55	16 000	0.75
56	14 000	0.75
57	12 500	0.75
58	11 000	0.75
59	9 500	0.75
60	8 000	0.75
61	6 500	0.75
62	6 000	0.75
63	5 500	0.75
64	5 000	0.75

Table 2—Fixed Insurance Cover

Age last Birthday	One Unit $	Cost/Week $
20 and under	75 000	0.80
21	75 000	0.85
22	75 000	0.85
23	75 000	0.90
24	75 000	0.95
25	75 000	1.00
26	75 000	1.05
27	75 000	1.10
28	75 000	1.15
29	75 000	1.20
30	75 000	1.25
31	75 000	1.30
32	75 000	1.40
33	75 000	1.50
34	75 000	1.60
35	75 000	1.70
36	75 000	1.80
37	75 000	2.00
38	75 000	2.10
39	75 000	2.30
40	75 000	2.40
41	75 000	2.60
42	75 000	2.70
43	75 000	2.90
44	75 000	3.10
45	75 000	3.30
46	75 000	3.50
47	75 000	3.70
48	75 000	3.90
49	75 000	4.10
50	75 000	4.40
51	75 000	4.70
52	75 000	5.10
53	75 000	5.50
54	75 000	6.00
55	75 000	6.50
56	75 000	7.10
57	75 000	7.70
58	75 000	8.40
59	75 000	9.20
60	75 000	10.10
61	75 000	11.00
62	75 000	12.00
63	75 000	13.00
64	75 000	14.10

Note—

Under section 34(1) of the Act, a member is entitled to invalidity benefits only if the member's employment terminates on account of invalidity before the member reaches the age of 60 years. In Table 1 and Table 2, the insurance cover specified in respect of a member aged 60 and over is relevant only in respect of the death insurance benefit payable on behalf of the member.