OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

SCHEDULE 2 - CALCULATION OF OLD RBM  

(regulation 4A )

CLAUSE 3   WHEN GREATER OLD RBM APPLICABLE  

3(1)    
An old RBM greater than the old RBM specified in clause 2 may be applicable to a person in relation to a benefit paid, or commencing to be paid, to the person by a public sector superannuation fund or a private sector fund if the person was a member of the fund on 30 June 1990.

3(2)    
An old RBM greater than the old RBM specified in clause 2 may also be applicable to a person in relation to a benefit paid, or commencing to be paid, to the person if:

(a) the benefit:

(i) is payable by an approved deposit fund, a life assurance company, a registered organisation or a superannuation fund; and

(ii) consists, in whole or in part, of an ETP rolled-over from a public sector superannuation fund or a private sector fund (in this clause called the " original fund " ); and

(b) the whole of the ETP, other than any part that consisted of undeducted contributions or concessional components, from the original fund was rolled-over; and

(c) the person was a member of the original fund on 30 June 1990 or ceased to be such a member after 15 February 1990 and before 1 July 1990.

3(3)    
(Omitted by SR No 148 of 1991)