South Australian Consolidated Regulations

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SOUTHERN STATE SUPERANNUATION REGULATIONS 2009 - REG 39

39—Payment of premiums by members

        (1)         Premiums payable by a member, including the disability pension premium, will be debited against the member's employer contribution account in accordance with regulation 16.

        (2)         If the debiting of a premium for invalidity/death insurance under subregulation (1) would result in a debit balance in the account—

            (a)         the premium will be debited against the account to the extent of the credit balance in the account; and

            (b)         the member's basic and voluntary invalidity/death insurance is suspended from the expiration of the month following the month in which the premium was debited until the account is again sufficiently in credit to enable the debiting of premiums without resulting in a debit balance.

        (3)         If the debiting of a disability pension premium under subregulation (1) would result in a debit balance in the account—

            (a)         the premium will be debited against the account to the extent of the credit balance in the account; and

            (b)         the member's entitlement to a disability pension in the event of incapacity for work is suspended from the expiration of the month following the month in which the premium was debited until the account is again sufficiently in credit to enable the debiting of the disability pension premium without resulting in a debit balance.



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