State Authorities Superannuation (Government Railways Superannuation Scheme Transfer) (Savings and Transitional) Regulation 1990
6Transferred accounts and reserves
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6 Transferred accounts and reserves
6 Transferred accounts and reserves
(1) A contributor’s account required by section 12 (1) of the later Act (contributors’ accounts) in respect of a transferred contributor is taken to have been established in the SAS Fund on the transfer date.
(2) The SAS Board must ensure that the account is established with a credit balance equal to the amount contributed by the transferred contributor to the Government Railways Superannuation Account immediately before that contributor became a contributor to the SAS Fund.