Western Australian Consolidated Acts Western Australian Consolidated Acts (1) The Board is to
debit to a GESB Super (Retirement Access) Member’s
retirement access account —
(a) any
amounts paid as benefits to, or in respect of, the Member; and
(b) any
amounts transferred to other schemes or to other superannuation funds in
satisfaction of a Member’s entitlement to a benefit from the GESB Super
(Retirement Access) Scheme.
(2) The Board may
debit to a GESB Super (Retirement Access) Member’s
retirement access account —
(a)
administrative costs to the extent that they have not been taken into account
in the determination of earning rates under regulation 216; and
(b) any
tax or other amounts required by a written law or a law of the Commonwealth to
be paid by the Board in respect of the Member; and
(c) the
amount of any fees payable by the Member for, or in relation to, any product
or service provided to the Member in accordance with section 6(1)(e) of
the Act.
(3) The Board may only
debit an amount to a retirement access account —
(a)
under subregulation (2)(a), if an actuary has advised that it is
appropriate for that amount to be debited to that account; or
(b)
under subregulation (2)(c), if the Member has given the Board written
consent to the debiting of that amount to the account.
(4) If the Board
debits an amount to a retirement access account under
subregulation (2)(c) in respect of a fee payable to a person other than
the Board, the Board must pay the amount deducted to that other person.
[Regulation 209 inserted in Gazette
19 Mar 2003 p. 839-40; amended in Gazette 13 Apr 2007
p. 1594-5 and 1663; 11 Apr 2008 p. 1379-80.]