Western Australian Consolidated Regulations

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COAL INDUSTRY SUPERANNUATION REGULATIONS 1990 - REG 43

43 .         Transfers from other funds

        (1)         The Board may make and carry into effect arrangements under which an agreed sum or agreed assets are to be paid by or transferred from another superannuation fund to the Fund for the benefit of a member of the Fund.

        (1a)         The arrangements may be made with the member or the trustee of or other persons controlling the other fund or both.

        (2)         A member in respect of whom arrangements have been made for the transfer to the Fund of an agreed sum or agreed assets under subregulation (1) shall, as a member, be granted such rights to benefits additional to those otherwise provided under these regulations as are determined by the Board on the advice of the actuary.

        (3)         If a member has been granted additional benefits under subregulation (2) that are calculated on a defined benefit basis, they may be converted to benefits calculated on an accumulation basis on such terms as the Board and member agree.

        [Regulation 43 amended in Gazette 14 May 1996 p. 2036; 11 Jul 2006 p. 2539-40.]



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