Australian Capital Territory Consolidated Acts

LEGISLATIVE ASSEMBLY (MEMBERS' SUPERANNUATION) ACT 1991 - SECT 18

    (1)     This section applies to a person who becomes entitled to a superannuation benefit under this chapter if the person—

        (a)     is less than 55 years old; or

        (b)     is at least 55 years old but remains a member of the workforce.

    (2)     The benefit is payable—

        (a)     if the person is leaving Australia permanently or the entitlement is because of a discontinuance caused by the person's death or invalidity—immediately to the person; or

        (b)     in any other case—

              (i)     to an eligible choice fund chosen by the person; or

              (ii)     if the person does not choose an eligible choice fund within 3 months after the day the person becomes entitled to the benefit—the default fund.

    (3)     For subsection (2) (b) (i), the choice must be in writing given to the board.