Western Australian Consolidated Acts

STATE SUPERANNUATION REGULATIONS 2001 - SECT 177

177 .         Contribution and transfer for replacement pension

        (1)         When the Board accepts a Member’s application under regulation 173(1)(b) —

            (a)         the Board is to transfer the balance of the Member’s retirement income account to the new retirement income account established for the Member in respect of the replacement pension; and

            (b)         the Member may transfer to the Retirement Income Scheme all or part of —

                  (i)         a benefit that is immediately payable to the Member from another scheme or another superannuation fund;

                  (ii)         any other eligible termination payment that is immediately payable to the Member; or

                  (iii)         a phased retirement benefit.

        (2)         A transfer under subregulation (1)(b) must be made before the Member’s first pension day after the Board accepts the Member’s application.

        (3)         The total amount transferred under subregulation (1) must not be less than $30 000 unless the Board agrees to accept a lesser amount.

        [Regulation 177 inserted in Gazette 19 Mar 2003 p. 821-2; amended in Gazette 26 May 2006 p. 1921.]