Part 5GESB Super (Retirement Access) Scheme

Part 5 — GESB Super (Retirement Access) Scheme

200. Scheme established 218

200A. Name of scheme changed on 12 Apr 2008 218

201. Term used: retirement access account 218

202. Scheme closed to new members on 2 Apr 2008 218

203. When membership ceases 219

204. Voluntary contributions, making 219

205. Transfer of benefits to scheme by Member 219

206A. Other payments etc. for Members 220

206B. Transfers to be directly to scheme 220

207A. Restriction on contributions and transfers 220

Division 4 — Retirement access accounts

207. Retirement access accounts for Members, Board to establish 221

208. Amounts to be credited to retirement access accounts 221

209. Amounts to be debited to retirement access accounts 222

210. Earnings to be credited to Member’s account 223

211. Terms used 224

212. Investment plans for Members, Board to establish 224

213. Default plan for Members 225

214. Investment plan, Member to select etc. 226

214A. Investment plan of Member who is also a GESB Super Member 226

215. Board to invest in accord with Member’s plan 227

216. Earning rates, determining 228

Division 6 — Access to benefits

217. Member may request payment or transfer of benefit 229

218. Binding death benefit nomination and payment of death benefit 230

219AA. Transfer of Member’s balance to Commonwealth Commissioner of Taxation 233

219AB. Payments in respect of former temporary residents under the Commonwealth Unclaimed Money Act Part 3A 233

219AC. Payments in respect of lost member accounts under the Commonwealth Unclaimed Money Act Part 4A 233

219AD. Transfer of benefit under the Commonwealth Unclaimed Money Act Part 3 234

219AE. Benefits applied for, but unpaid, at Member’s death 234