OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)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.

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History

Cl 4 amended by SR No 148 of 1991, reg 26.8 and 26.9, gazetted 26 June 1991, by omitting the reference to cl 3(3) in para (a) and substituting para (c). Para (c) formerly read:

(c) the person ' s maximum fund multiple; or

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