Western Australian Consolidated Regulations

COAL INDUSTRY SUPERANNUATION REGULATIONS 1990 - REG 21C

21C .         Benefits while in service

        (1)         If a member — 

            (a)         is in service; and

            (b)         reaches the age at which the SIS Act  ² requires the Board to pay the member’s benefit,

                the Board must pay to the member a benefit equal to the benefit that the member would have been entitled to had the member left service on the date the member reached that age.

        (2)         A member who — 

            (a)         is in service;

            (b)         is 65 years of age or older; and

            (c)         requests payment,

                is entitled to a benefit equal to the benefit that the member would have been entitled to had the member left service on the date of the request.

        (3)         A member who — 

            (a)         is in service;

            (b)         is under 65 years of age; and

            (c)         requests payment,

                is entitled to a benefit of up to the amount which the Board is permitted by the SIS Act  ² to pay to the member.

        (4)         If a benefit paid under subregulation (3) includes a defined benefit component, the benefit payable to or in respect of the member when the member leaves service is to be adjusted accordingly.

        [Regulation 21C inserted in Gazette 14 May 1996 p. 2032-3.]