OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

SCHEDULE 2 - CALCULATION OF OLD RBM  

(regulation 4A )

CLAUSE 4  

4   OLD RBM - DEFINED BENEFITS  
The old RBM applicable to a person in relation to:

(a) a defined benefit payable by a defined benefit superannuation fund to which subclause 3(1) applies; or

(b) a benefit payable by an approved deposit fund, a life assurance company, a registered organisation or a superannuation fund to which subclause 3(2) applies where the benefit paid by the original fund referred to in that subclause was a defined benefit;

is:

(c) the person ' s maximum fund multiple:

(i) as at 30 June 1990; or

(ii) if a higher maximum fund multiple was applicable to the person as at an earlier date - as at the earlier date; or

(d) the base old RBM;

whichever is the greater.