Western Australian Consolidated Acts

SUPERANNUATION AND FAMILY BENEFITS ACT 1938 - SECT 60AB

60AB .         Contributor remaining in service: deemed retirement on election to take pension

        (1)         This section applies to a contributor if —

            (a)         the contributor —

                  (i)         has attained the age of 65 years; or

                  (ii)         has elected to contribute for a pension on retirement at an age earlier than 65 years and has attained that age; or

                  (iii)         has determined his pension under section 60AA;

                and

            (b)         the contributor remains in service.

        (2)         A contributor to whom this section applies may elect to receive his pension notwithstanding that he remains in service.

        (3)         An election for the purposes of subsection (2) takes effect on the day on which it is received by the Board or a later day specified in it.

        (4)         If a contributor makes an election under this section then notwithstanding anything else in this Act, for the purposes of this Act the contributor is deemed to have retired from service on the day on which the election takes effect.

        [Section 60AB inserted in Gazette 18 Jan 2008 p. 155.]