South Australian Repealed Regulations

This legislation has been repealed.

SOUTHERN STATE SUPERANNUATION REGULATIONS 1995 - REG 11C

11C—Modification of sections 30A and 30B

        (1)         Pursuant to section 30A(17) of the Act, subsection (8) of that section is modified so as to allow a member who has—

            (a)         retired from employment; or

            (b)         reached the age of 65 years,

to commute an entitlement to a draw down payment so that investment of the draw down benefit on account of which the payment is made is brought to an end and the balance paid to the member.

        (2)         Pursuant to section 30B(16) of the Act, subsection (9) of that section is modified so as to allow a member who has—

            (a)         retired from employment; or

            (b)         reached the age of 65 years,

to commute an entitlement to a draw down payment so that investment of the draw down benefit on account of which the payment is made is brought to an end and the balance paid to the member.