Document ID: chunk:federal_register_of_legislation:F2022C00514:reg:85
Version: federal_register_of_legislation:F2022C00514
Segment Type: reg
Provision Reference: reg 85
Character Range: 167998–169654

85  Associate A benefit and ancillary benefit
 (1) Associate A benefit is a benefit:
 (a) created as associate A benefit under Part 13; and
 (b) held for a person as units in one or more Investment Divisions.
 (2) Ancillary benefit is a benefit:
 (a) created as ancillary benefit under Part 14; and
 (b) held for a person as units in one or more Investment Divisions.
 (2A) For paragraph (2)(b), ancillary benefit arising from a contribution taken to be made by a spouse under rule 110 is to be held for the spouse.
 (3) Divisions 5, 6 and 7 of Part 2B apply in relation to associate A benefit and ancillary benefit as if the person for whom the benefit is held were a unitised member and the units were units in a member funded account.
 (4) A person is entitled to be paid associate A benefit and ancillary benefit when the person reaches his or her preservation age.
 (5) The person may, at any time before the benefit becomes payable, request that CSC roll over or transfer the associate A benefit or ancillary benefit to a regulated superannuation fund, an RSA, or an approved deposit fund nominated by the person, to be held for the benefit of the person.
 (6) When the benefit becomes payable in accordance with subrule (4), the person may request that CSC:
 (a) pay the benefit to the person as a lump sum; or
 (b) roll over or transfer the benefit to a regulated superannuation fund, an RSA, or an approved deposit fund nominated by the person, to be held for the benefit of the person.
 (7) If a person does not make a request under subrule (5) or (6), the benefit must be paid to the person as a lump sum when the person reaches the age of 65.