26ENon-contributing employees to have deferred accrued benefit instead of basic benefit

26E Non-contributing employees to have deferred accrued benefit instead of basic benefit

26E Non-contributing employees to have deferred accrued benefit instead of basic benefit

(1) On and from the commencement of the Aware Super Act 1992, the basic benefit provided by this Act for a non-contributing employee is to be replaced with a deferred accrued benefit. This does not affect benefits that were payable or required to be preserved before that commencement.

(2) The deferred accrued benefit is an amount calculated in accordance with Schedule 4.

(3) Sections 23–26A apply to the deferred accrued benefit in the same way as they apply to a basic benefit.

s 26E: Ins 1992 No 102, Sch 4 (2). Am 1997 No 42, Sch 1.6 [18]; 2025 No 48, Sch 2.14[3].