Western Australian Consolidated Regulations Western Australian Consolidated Regulations (1) A member who is
entitled to payment of a benefit may, prior to the benefit being paid, request
the Board to retain all or part of it in the Fund.
(2) If a member
requests the retention of all or part of the accumulation component of a
benefit, the Board is to retain in the member’s accumulation account the
portion of that component that the member has elected to retain.
(3) If a member
requests the retention of all of the defined benefit component of a benefit,
the Board is to make a record of the multiple of the benchmark amount used to
calculate the defined benefit component of the benefit.
(4) If a member
requests the retention of part only of —
(a) the
defined benefit component of a benefit; or
(b) the
amount calculated in accordance with regulation 21(1)(b),
(as the case may be)
the Board is to credit to the member’s accumulation account, and retain
in that account, an amount equal to the portion of that component or amount
that the member has elected to retain.
[Regulation 22 inserted in Gazette
30 Apr 2002 p. 2187; amended in Gazette 23 May 2003
p. 1825.]