Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_1
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 2051730–2056354

1                                                                                                                                 An interest that a person has as a member of the superannuation scheme established by the SERB Act, other than where he or she has:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            If the person has not attained the age of 55 years — the greatest lump sum that would be available for the person to transfer to another complying superannuation fund at the relevant date, on the person's resignation under the SERB Act, if no deduction had been made in respect of the person's surcharge debt under subsection 74CA (4) of the SERB Act.
                                                                                                                                   (a) retired (including on the grounds of disability); or
                                                                                                                                   (b) resigned; or
                                                                                                                                   (c) been retrenched and elected to be entitled to deferred retirement benefits under section 38 of the SERB Act; or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           If the person has attained the age of 55 years — the lump sum that would be available for the person to transfer to another complying superannuation fund at the relevant date, on the person's retirement through age under the SERB Act, if no deduction had been made in respect of the person's surcharge debt under subsection 74CA (4) of the SERB Act.
                                                                                                                                   (d) become an exempt officer within the meaning in subsection 2 (1) of the SERB Act; or
 (e) following a change in his or her employment, become entitled to a deferred retirement benefit under the Portability Act; or
                                                                                                                                   (f) elected to transfer to the SS Fund or to the Transport Superannuation Fund under subsection 33 (6) of the SERB Act; or
                                                                                                                                   (g) become entitled to benefits under subsection 77 (1) of the SERB Act on ceasing to be an employee of a water authority so as to become an employee of another water authority; or
                                                                                                                                   (h) elected under subsection 22A (3) of the SERB Act to cease to contribute in accordance with that Act.
                                                                                                                                  For this item, a member shall not be taken to have been retrenched or to have resigned or retired before they have applied for the relevant benefit and satisfied the requirements of the Emergency Services Superannuation Board to establish their entitlement.
                                                                                                                                  For this item, any cessation of employment is to be disregarded if the member ceased to be a permanent employee but within 6 months again became an employee and made an election under subsection 21A (4) of the SERB Act.