OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)
(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.
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