Australian Defence Force Superannuation Trust Deed 2015
42CSC must keep personal accumulation accounts for ADF Super members and non‑member spouses
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42 CSC must keep personal accumulation accounts for ADF Super members and non‑member spouses
(1) For the purposes of working out benefits of ADF Super members and non‑member spouses in ADF Super (including their withdrawal benefits, as defined in the SIS Regulations), CSC must keep: (a) a single personal accumulation account for each ADF Super member; and (b) a single personal accumulation account for each non‑member spouse for whom a non‑member spouse interest has been created. Closure of personal accumulation account (2) However, CSC may close a personal accumulation account if the account has a nil balance. (3) If CSC closes a personal accumulation account for a person and an event occurs that requires an amount to be credited to the person’s personal accumulation account under section 44, CSC must again keep a personal accumulation account for the person. Merger of accounts for ADF Super member who is also non‑member spouse (4) If a person is both an ADF Super member and a non‑member spouse for whom CSC is keeping a personal accumulation account, the following actions must be taken if the person requests CSC to do so: (a) crediting the balance of the personal accumulation account for the person as a non‑member spouse to the account for the person as an ADF Super member; (b) debiting the balance of the personal accumulation account for the person as a non‑member spouse from that account; (c) closing the personal accumulation account for the person as a non‑member spouse.