State Authorities Superannuation (Joint Coal Board Employees) Transitional Regulation 2002
5Transfer of deferred benefit
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5 Transfer of deferred benefit
5 Transfer of deferred benefit
(1) If, within the election period, a contributor:
(a) exercises his or her entitlement to make provision for a deferred benefit in the SAS Fund, and
(b) exercises the entitlement conferred by clause 3 of Schedule 5 to the Act,
STC is required to pay that benefit to a regulated superannuation fund nominated by the contributor.
(2) The payment must be made as soon as practicable after the date on which the contributor exercises the entitlement conferred by clause 3 of Schedule 5 to the Act.