Document ID: chunk:federal_register_of_legislation:F2008L02863:body:0:p4
Version: federal_register_of_legislation:F2008L02863
Segment Type: other
Provision Reference: 
Character Range: 8006–10970

superannuation guarantee additional amount (if any) that is applicable in respect of the member; or

              (b)               the SIS Act does not permit the total of the final benefit accrual to be paid in cash, the lump sum is the amount of the final benefit accrual in respect of the member permitted to be paid in cash under the SIS Act."

    4.11 Rule 6.5.1 is amended by deleting paragraph (b) and substituting it with the following new paragraph (b):

         "(b) to be paid a lump sum of his/her final benefit accrual plus the superannuation guarantee additional amount (if any) that is applicable in respect of the member, provided the Board is satisfied he/she is suffering from a terminal medical condition;"

    4.12 Rule 6.5.2 is amended by deleting paragraph (a) and substituting it with the following new paragraph (a):

         "(a) to be paid a lump sum of his/her final benefit accrual plus the superannuation guarantee additional amount (if any) that is applicable in respect of the member or limited benefits member; or"

    4.13 Rule 6.5.3 is replaced with the following Rule:

    "6.5.3 A limited benefits member who ceases membership on invalidity retirement before age 60 is entitled to be paid a lump sum of his/her final benefit accrual plus the superannuation guarantee additional amount (if any) that is applicable in respect of the limited benefits member."

    4.14 Rule 6.6.3 is amended by deleting the existing paragraph (i) and substituting it with the following new paragraph (i):

              "(i) to roll-over his/her final benefit accrual plus the superannuation guarantee additional amount (if any) that is applicable in respect of the member, with any amount that exceeds the member's accumulated member contributions being treated as a preserved benefit for the purposes of the SIS Act; or"

    4.15 Rule 6.6.5 is amended by deleting existing subparagraph (a)(ii) and substituting it with the following new subparagraph (a)(ii):

              "(ii) roll-over the balance of his/her final benefit accrual plus the superannuation guarantee additional amount (if any) that is applicable in respect of the member, with any amount that exceeds the member's accumulated member contributions being treated as a preserved benefit for the purposes of the SIS Act; or"

    4.16 Rule 6.6.5 is further amended by deleting existing paragraph (b) and substituting it with the following new paragraphs:

         "(b) to be paid a lump sum of his/her final benefit accrual plus the superannuation guarantee additional amount (if any) that is applicable in respect of the member provided that the member:

                      (A)             ceases membership on or after minimum retiring age and before age 60, and retires permanently from the workforce; or

                      (B)              ceases membership on or after age 60; or

         (bb) to be paid a lump sum of less than the