Superannuation (State Public Sector) Amendment of Deed Regulation (No. 3) 2013 (Qld)

Queensland Superannuation (State Public Sector) Amendment of Deed Regulation (No. 3) 2013 Subordinate Legislation 2013 No. 94 made under the Superannuation(StatePublicSector)Act1990 Contents Page 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 Commencement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 Deed amended. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Amendment of s 4 (Definitions) . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5 Amendment of s 5 (Meaning of member) . . . . . . . . . . . . . . . . . . . 3 6 Amendment of s 27 (Transfers out) . . . . . . . . . . . . . . . . . . . . . . . 3 7 Insertion of new ch 1, pt 7E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Part 7E Binding death benefit nominations 29Q Definitions for pt 7E . . . . . . . . . . . . . . . . . . . . . . . . . . 4 29R Giving binding death benefit nomination . . . . . . . . . . 5 29S Effect of binding death benefit nomination on eligible death benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 8 Amendment of s 89B (Compulsory withdrawals on death). . . . . . 6 9 Amendment of s 107 (Payment of lump sum on ceasing to contribute) 6 10 Amendment of s 131 (Payment to person other than the beneficiary) 6 11 Amendment of s 191 (Refund of contributions) . . . . . . . . . . . . . . 7 12 Amendment of s 196 (Payment to person other than the beneficiary) 7 13 Amendment of s 211 (Rectification of contributor’s status falsely induced) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Superannuation (State Public Sector) Amendment of Deed Regulation (No. 3) 2013 Contents 14 Amendment of s 231 (Payment of lump sum on ceasing to contribute) 7 15 Amendment of s 254 (Payment to person other than the beneficiary) 7 16 Amendment of s 299 (Refund of contributions) . . . . . . . . . . . . . . 8 17 Amendment of s 304 (Payment to person other than the beneficiary) 8 18 Amendment of s 409 (Compulsory withdrawals on death) . . . . . . 8 Page 2 2013 SL No. 94

Superannuation (State Public Sector) Amendment of Deed Regulation (No. 3) 2013 [s 1] 1 Short title This regulation may be cited as the Superannuation (State Public Sector) Amendment of Deed Regulation (No. 3) 2013 . 2 Commencement This regulation commences on 1 July 2013. 3 Deed amended This regulation amends the Superannuation (State Public Sector) Deed 1990. 4 Amendment of s 4 (Definitions) Section 4— insert— binding death benefit nomination see section 29Q. eligible death benefit see section 29Q. 5 Amendment of s 5 (Meaning of member) Section 5(1)— insert— (d) the person has ceased to be an employed member and a benefit is payable for the person under chapter 4, 5, 6, 7 or 9. 6 Amendment of s 27 (Transfers out) (1) Section 27(2)(b)— omit, insert— (b) for an employed member— (i) an amount in the member’s accumulation account or non-public 2013 SL No. 94 Page 3

Superannuation (State Public Sector) Amendment of Deed Regulation (No. 3) 2013 [s 7] sector accumulation account that was received under section 26; or (ii) on the conditions approved by the board, an amount in the member’s accumulation account or non-public sector accumulation account received other than under section 26. (2) Section 27(3)— omit, insert— (3) However, an amount mentioned in subsection (2)(b)(ii) must not include an amount paid to the member’s accumulation account under section 72(1) or (2) if the member is an employed member in the basic accumulation category and also a member in the State 72 or police 74 category. (3) Section 27(4)— omit. (4) Section 27(5) and (6)— renumber as section 27(4) and (5). 7 Insertion of new ch 1, pt 7E Chapter 1— insert — Part 7E Binding death benefit nominations 29Q Definitions for pt 7E In this part— binding death benefit nomination means a notice that complies with the requirements under the SIS Regulation, regulation 6.17A. Page 4 2013 SL No. 94

Superannuation (State Public Sector) Amendment of Deed Regulation (No. 3) 2013 [s 7] eligible death benefit , for a member, means a benefit that would, on the member’s death, be payable to the member’s legal personal representative or other person approved or decided by the board under any of the following provisions— (a) section 80; (b) section 107(3); (c) section 115; (d) section 123(1) and (3); (e) section 124(1); (f) section 141(2); (g) section 155(6); (h) section 185(1); (i) section 191(4), (10) and (12); (j) section 211(7); (k) section 231(3); (l) section 239; (m) section 246(1) and (3); (n) section 247(1); (o) section 262(2); (p) section 294(1); (q) section 299(4) and (11); (r) section 340(6); (s) section 404. 29R Giving binding death benefit nomination A member may give the board a binding death benefit nomination for the member’s eligible death benefits. 2013 SL No. 94 Page 5

Superannuation (State Public Sector) Amendment of Deed Regulation (No. 3) 2013 [s 8] 29S Effect of binding death benefit nomination on eligible death benefits (1) If there is a binding death benefit nomination in effect for a member’s eligible death benefits, the eligible death benefits must be paid in compliance with the SIS Regulation, regulation 6.17A. (2) Subsection (1) applies despite any other provision of this deed providing for payment of an eligible death benefit to the member’s legal personal representative or other person approved or decided by the board. 8 Amendment of s 89B (Compulsory withdrawals on death) Section 89B— insert— Note — See section 29S for payment if there is a binding death benefit nomination in effect for the member. 9 Amendment of s 107 (Payment of lump sum on ceasing to contribute) Section 107(3), before ‘personal’— insert— legal 10 Amendment of s 131 (Payment to person other than the beneficiary) Section 131— insert— (2) This section does not apply to an eligible death benefit payable to a person under section 29S. Page 6 2013 SL No. 94

Superannuation (State Public Sector) Amendment of Deed Regulation (No. 3) 2013 [s 11] 11 Amendment of s 191 (Refund of contributions) Section 191(10), before ‘personal’— insert— legal 12 Amendment of s 196 (Payment to person other than the beneficiary) Section 196— insert— (1A) Subsection (1) does not apply to an eligible death benefit payable to a person under section 29S. 13 Amendment of s 211 (Rectification of contributor’s status falsely induced) Section 211(7), before ‘personal’— insert— legal 14 Amendment of s 231 (Payment of lump sum on ceasing to contribute) Section 231(3), before ‘personal’— insert— legal 15 Amendment of s 254 (Payment to person other than the beneficiary) Section 254— insert — (2) This section does not apply to an eligible death benefit payable to a person under section 29S. 2013 SL No. 94 Page 7

Superannuation (State Public Sector) Amendment of Deed Regulation (No. 3) 2013 16 Amendment of s 299 (Refund of contributions) Section 299(11), before ‘personal’— insert— legal 17 Amendment of s 304 (Payment to person other than the beneficiary) Section 304— insert— (2) This section does not apply to an eligible death benefit payable to a person under section 29S. 18 Amendment of s 409 (Compulsory withdrawals on death) Section 409— insert— Note — See section 29S for payment if there is a binding death benefit nomination in effect for the member. ENDNOTES 1 Consented to by the Board of Trustees of the State Public Sector Superannuation Scheme on 23 May 2013. 2 Made by the Governor in Council on 20 June 2013. 3 Notified in the gazette on 21 June 2013. 4 Laid before the Legislative Assembly on . . . 5 The administering agency is Queensland Treasury and Trade. © State of Queensland 2013 Authorised by the Parliamentary Counsel Page 8 2013 SL No. 94