42ACPayment of compulsorily preserved benefit

42AC Payment of compulsorily preserved benefit

42AC Payment of compulsorily preserved benefit

(1) The whole or part of a benefit preserved under section 42AB is payable by STC in the circumstances in which the whole or part of a benefit may be paid under a relevant Commonwealth superannuation standard.

(2) The whole or part of a benefit preserved under section 42AB must be paid by STC, if it is required to be paid under a relevant Commonwealth superannuation standard.

(3) The benefit is payable—

(a) unless the former contributor has died—to the former contributor, or

(b) if the former contributor has died and is survived by a spouse or de facto partner—to the surviving spouse or de facto partner, or

(c) if the former contributor has died and is not survived by a spouse or de facto partner—to the personal representatives of the former contributor or, if appropriate, in accordance with section 51 (Payment without grant of probate etc).

ss 42AB–42AD: Ins 1998 No 144, Sch 2.4 [9].