Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:16:p100
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 16 (pt 100/106)
Character Range: 382107–384894

lump sums paid under Rule 8.3.5 is greater or equal to the preserved benefit but less than the amount of preserved benefit plus the superannuation guarantee additional amount (if any), the balance of the superannuation guarantee additional amount (if any) is to be treated as a preserved benefit under the SIS Act and dealt with accordingly.
8.3.6 A preserved benefit member who applies for the early release of his/her preserved benefit on compassionate grounds may, at any time, choose to be paid a lump sum to the value determined in accordance with the SIS Act and have the balance of the preserved benefit (if any) remain in the scheme.
8.3.6A The total amount of any lump sum or lump sums paid under Rule 8.3.6 may not exceed the preserved benefit plus the superannuation guarantee additional amount (if any) that is applicable to the preserved benefit member.
8.3.6B Where the total amount of the lump sum or lump sums paid under Rule 8.3.6 is greater or equal to the preserved benefit but less than the amount of preserved benefit plus the superannuation guarantee additional amount (if any), the balance of the superannuation guarantee additional amount (if any) is to be treated as a preserved benefit under the SIS Act and dealt with accordingly.

Further payments
8.3.7 A preserved benefit member who has been paid a lump sum under Rules  8.3.5 or 8.3.6 can be paid further amounts under Rules 8.3.5 or 8.3.6, provided that any further payments have been determined in accordance with the SIS Act.
Division 4

Benefit options for certain preserved benefit members on subsequent retrenchment
8.4.1 A former member who was employed by an organisation, business, service or asset or function nominated by the Minister and agreed by CSC immediately before the date of sale or transfer of that organisation, business, service or asset or function, and who:
         (a) was not allowed to continue to be a member after the sale or transfer; and
         (b) became entitled to a preserved benefit under Rule 6.6.3, 6.6.4 or 6.6.5 which includes all of his/her accumulated member contributions (other than any refunded Excess Contribution Multiple), accumulated productivity contributions and unfunded preserved benefit; and
         (c) remains continuously in employment with the new owner or transferee, or any subsequent new owner or transferee; and
         (d) is subsequently retrenched by the new owner or transferee, or any subsequent new owner or transferee, within a period of three years of the date of sale or transfer of the organisation, business, service, asset or function; and
         (e) has not reached his/her maximum retiring age;
may choose, within three months after the date of the retrenchment:
         (A) any one of the options in Rule 8.4.2 if he/she