Western Australian Consolidated Regulations

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COAL INDUSTRY SUPERANNUATION REGULATIONS 1990 - REG 42

42 .         Splitting of entitlements on dissolution of marriage

        (1)         Terms used in this regulation have the same meanings as they have in Part 7A of the SIS Regulations.

        (2)         If, under Part 7A of the SIS Regulations, the Board creates a new interest for a non-member spouse —

            (a)         the non-member spouse becomes a category D member when that interest is created; and

            (b)         the Board is to credit to the non-member spouse’s accumulation account an amount equal to the value of that interest determined in accordance with the SIS Regulations.

        (2a)         The Board cannot, under Part 7A of the SIS Regulations, create a new interest in the Fund for a non-member spouse unless that person is or has been the partner of a mine worker or an officer of the Board.

        (3)         If the Board is required under Part 7A of the SIS Regulations to reduce the value of the benefits of a member spouse the Board may —

            (a)         in relation to a category A member do either or both of the following —

                  (i)         reduce the member’s accrued benefit;

                  (ii)         debit an amount to the member’s accumulation account;

                or

            (b)         in relation to a category B, C or D member, debit an amount to the member’s accumulation account,

                in a manner and to an extent permitted by the SIS Regulations.

        (4)         Despite anything else in these regulations, the Board may pay or transfer the superannuation interest in the Fund of a non-member spouse if it is required or permitted to do so under Part 7A of the SIS Regulations.

        [Regulation 42 inserted in Gazette 11 Jul 2006 p. 2539; amended in Gazette 20 Feb 2007 p. 507; 21 Aug 2009 p. 3267.]



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