Superannuation Amendment Regulations 1992 (WA)
| 1 September 1992] | GOVERNMENT GAZETTE, WA | 4407 |
| G0301 |
SUPERANNUATION AND FAMILY BENEFITS ACT 1938
SUPERANNUATION AMENDMENT REGULATIONS 1992
Made by His Excellency the Lieutenant-Governor and Administrator in
Executive Council on the recommendation of the Board.
Citation
1. These regulations may be cited as the Superannuation Amendment
Regulations 1992.
Principal regulations
2. In these regulations the Superannuation Regulations 1959* are referred
to as the principal regulations.
[* Published in the Gazette of 7 July 1959 at pp. 1809-182 7. For amendments to 1 July 1992 see 1991 Index to Legislation of Western Australia, p. 503.]
Regulation 3 amended
3. Regulation 3 of the principal regulations is amended by deleting the
definitions of "the Board" and "the Fund" and substituting the following -
"Board" and "Fund" have the respective meanings given to them in section 3 1 of the Government Employees Superannuation Act 1987;
Part WA inserted
4. After regulation 21 of the principal regulations, the following Part is
inserted -
PART WA -
" INFORMATION TO BE GWEN
TO CONTRIBUTORS ETC.
Definitions
first and last days of the year;
2lA.. In this Part - "Commonwealth Act" means the Occupational
Superannuation Standards Act 1987 of the Commonwealth;
"member" means a contributor, qualified contributor or
subscriber under the Act;
"year", in respect of a member, means the period of 12
months ending with the member’s birthday.
Annual statement
21B. 1 The Board shall for each year send to each member a written statement setting out the following information -
a the amount of contributions made by the member during the year; b the amount of benefits vested in the member on the
| 4408 | GOVERNMENT GAZETTE, WA | [1 September 1992 |
c the method of determining the amount of benefits
referred to in paragraph b;d the amount of any death or invalidity benefit payable
to or in respect of the member;e the nature and purpose of any changes to the Act during the year and the eftect if any on the entitlements of the member. 2 A statement under subregulation 1 in respect of a year
shall be sent as soon as is practicable after the end of that year.
Information to be given
on cessation of membership21C. Where a person ceases to be a member, the Board shall as soon as is practicable after the cessation of membership send to the person, or the personal representative if any of the person a written statement setting out the following information about the
entitlement under the Act of the member or the member’s estate,
as the case may be -
a the amount of the benefit entitlement of the member
and the method of determining that entitlement;b the member’s old RBM as defined by the Commonwealth regulations if it exceeds 11.25 times the member’s highest average salary as so defined; c if the cessation of membership arises otherwise than by death, invalidity, or retirement after attaining the age of 55, the particulars referred to in regulation 21B in respect of the period from the cessation of membership back to the end of the period covered by the last statement under that regulation.
In subregulation 1 "Commonwealth regulations" means regulations made under the Commonwealth Act.
2
Member may obtain information from Board
21D. 1 A member may request the Board to give to him or her a document specified in subregulation 3 but may not do so more than once in respect of any period of 12 months.
2 The Board shall comply with a request made in accordance with subregulation 1.
3 The documents that may be requested are -
a a copy of, or extract from, an actuarial report on the
Fund;b a copy of the auditor’s report on the Fund; c
a copy of any return, certificate or notice provided by the Board to, or received by the Board from, the Insurance and Superannuation Commissioner that is, the person referred to by that title in the Commonwealth Act.
Recommended by the Board.
The common seal of the Board was affixed in the presence of-
P. K. WILLIAMSON.
P. J. FARRELL.
By His Excellency’s Command,
D. G. BLIGHT, Clerk of the Council.
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