Document ID: chunk:federal_register_of_legislation:F2024C00321:reg:55:p34
Version: federal_register_of_legislation:F2024C00321
Segment Type: reg
Provision Reference: reg 55 (pt 34/83)
Character Range: 488059–490800

not by reason of death;
is, subject to Rule 11.2.1A, entitled to:
             (i) payment or transfer of the accumulated transfer amount under the same conditions, in the same manner and, where relevant, to the same extent as permitted by the SIS Act (with the balance being preserved in the PSS scheme or rolled over) as the member's final benefit accrual is payable or transferable under Part 6, except that the accumulated transfer amount cannot be converted to a pension; or
             (ii) preserve the accumulated transfer amount in the PSS scheme; or
             (iii) roll‑over the accumulated transfer amount.
11.2.1A A member may not elect to preserve his/her accumulated transfer amount in the PSS scheme under Rule 11.2.1 where no part of his/her final benefit accrual is preserved in the PSS scheme under Part 6.
11.2.2 On the death of a member who transferred a transfer amount into the PSS scheme under Rule 11.1.1, after 31 December 1995, the entitlement to which did not arise from employment during a period of leave of absence without pay that commenced on or before that date (see Rule 11.3.4), the accumulated transfer amount is payable under the same conditions and to the same person or persons, and, where relevant, in the same proportions as are payable to those persons, as the deceased member's death benefit accrual is payable under Part 7.  The accumulated transfer amount cannot be taken as a reversionary pension.

Payment of accumulated transfer amount prior to cessation
11.2.3 A member is entitled to roll‑over the sum of all of their post‑1995 accumulated transfer amounts once each financial year.
11.2.3A For the purposes of Rule 11.2.3, a post‑1995 accumulated transfer amount of a member is an accumulated transfer amount in respect of a transfer amount which the member transferred into the PSS scheme under Rule 11.1.1, after 31 December 1995, the entitlement to which did not arise from employment during a period of leave of absence without pay that commenced on or before that date (see Rule 11.3.4).
11.2.3B For the purposes of Rule 11.2.3, a roll‑over is taken to have occurred in the financial year in which a valid transfer request in respect of that roll‑over is received.

Payment of preserved accumulated transfer amount
11.2.4 An accumulated transfer amount, or part of such accumulated transfer amount, that has been preserved in the PSS scheme, as further accumulated until payment, is payable to the same person or persons under the same conditions as apply to, and on the same date as, a preserved benefit under Part 8.
11.2.4A At any time, a preserved benefit member is entitled to roll‑over the sum of all of their post‑1995 accumulated transfer amounts.
11.2.4B For the purposes