Reg 52 repealed by SLI No 89 of 2007, reg 3 and Sch 1 item 4, effective 1 July 2007. Reg 52 formerly read:
REGULATION 52 RBLs
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PERSONS AGED UNDER 45 ON 1 JULY 1994
52(1)
In this regulation,
``eligible person''
means a person born after 1 July 1949.
52(2)
An eligible person has a transitional lump sum RBL if:
(a)
the amount of the person's vested superannuation benefits as at 30 June 1994 exceeds $400,000; and
(b)
the amount of the person's HAS-based lump sum RBL exceeds $400,000.
52(3)
Subject to regulation
53B
, if a person has a transitional lump sum RBL under subregulation (2), the amount of that RBL is the lesser of:
(a)
the amount of the person's vested superannuation benefits as at 30 June 1994; and
(b)
the amount of the person's HAS-based lump sum RBL.
52(4)
An eligible person has a transitional pension RBL if:
(a)
the amount of the person's vested superannuation benefits as at 30 June 1994 exceeds $800,000; and
(b)
the amount of the person's HAS-based pension RBL exceeds $800,000.
52(5)
Subject to regulation
53B
, if a person has a transitional pension RBL under subregulation (4), the amount of that RBL is the lesser of:
(a)
the amount of the person's vested superannuation benefits as at 30 June 1994; and
(b)
the amount of the person's HAS-based pension RBL.
Reg 52 inserted by SR No 461 of 1994.
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