OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

SCHEDULE 2 - CALCULATION OF OLD RBM  

(regulation 4A )

CLAUSE 5   OLD RBM - NON-DEFINED BENEFITS  

5(1)    
The old RBM applicable to a person in relation to a benefit payable by:

(a) a superannuation fund to which subclause 3(1) or (3) applies, being a fund that only provides benefits that are not defined benefits; or

(b) an approved deposit fund, a life assurance company, a registered organisation or a superannuation fund to which subclause 3(2) applies where the original fund referred to in that subclause only provided benefits that are not defined benefits;

is:

(c) the multiple calculated under clause 6 or clause 7; or

(d) the base old RBM;

whichever is the greater.

5(2)    
Such a fund must calculate the old RBM for all of its members under either clause 6 or clause 7.