Western Australian Consolidated Acts

STATE SUPERANNUATION ACT 2000 - SECT 59

59 .         Transfer of members

        (1)         At the transfer time, by operation of this section, a person who was, immediately before the transfer time, a member of a statutory scheme —

            (a)         becomes a member of GESB Superannuation; and

            (b)         ceases to be a member of the statutory scheme.

        (2)         The Board and MutualCo are to take the necessary steps to ensure that at the transfer time every transferring member becomes a member of MutualCo.

        (3)         For the purposes of subsection (2), the Board is appointed as attorney for each person who is a member of a statutory scheme for the purpose of executing any documents the Board considers necessary or desirable —

            (a)         to enable that person, if he or she becomes a transferring member, to become a member of MutualCo; and

            (b)         to nominate for the person how MutualCo may send or make available to the person notices, reports and other communications that MutualCo is required under the Corporations Act to send to members of the company.

        [Section 59 inserted by No. 25 of 2007 s. 16.]