Western Australian Consolidated Regulations Western Australian Consolidated Regulations (1) The Board
shall keep an accumulation account for each member.
(2) The Board shall
credit to a member’s accumulation account —
(a) all
contributions made to the Fund by or for the member; and
(b) the
amount of any splittable contributions transferred to the member under
regulation 16; and
(ba)
payments accepted from the Commissioner of Taxation under regulation 16A
in respect of the member; and
(c)
amounts transferred from other funds or converted to accumulation benefits
under regulation 43; and
(d) the
proceeds of any life insurance policy effected for the member the premiums for
which were debited to the account; and
(e) any
amounts required under regulation 22, 22AA or 42(2)(b) to be credited to
the account; and
(f)
earnings distributed to that account under regulation 27B.
(3) The Board shall
debit to a member’s accumulation account —
(a)
premiums for life insurance effected in respect of the member; and
(b) tax
payable by the Board in respect of employer contributions credited to the
account; and
(ba) any
amount payable by the Board under the Superannuation Contributions Tax
Imposition Act 1997 of the Commonwealth in relation to the member; and
(bb)
administrative costs attributable to the member; and
(bc) the
amount of any splittable contributions transferred by the member under
regulation 16; and
(bd) any
amounts to be debited to the account under regulation 42(3); and
(c)
losses distributed to that account under regulation 27B; and
(d) the
accumulation component of any benefit or amount transferred from the Fund in
respect of the member.
[Regulation 27A inserted in Gazette
14 May 1996 p. 2033-4; amended in Gazette 8 Sep 1998
p. 4911; 30 Apr 2002 p. 2189; 23 May 2003
p. 1827; 11 Jul 2006 p. 2538-9.]