OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

SCHEDULE 2 - CALCULATION OF OLD RBM

(regulation 4A )

CLAUSE 8

8 MIXED BENEFITS
If a defined benefit superannuation fund could have provided a combination of defined benefits and other benefits to a person under the governing rules of the fund, as at:

(a) 25 May 1988; or

(b) the day when the fund was constituted (if the fund was constituted after 25 May 1988 but before 1 July 1990);

the old RBM applicable to a person to whom a benefit is paid, or commences to be paid, by the fund is:

(c) the sum of:

(i) the person ' s maximum fund multiple; and

(ii) the multiple that would be calculated under clause 6 or 7; or

(d) the greater of the numbers calculated under clauses 4 and 5;

whichever is the greater.

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History

Cl 8 substituted by SR No 148 of 1991, reg 26.13, gazetted 26 June 1991. Cl 8 formerly read:

8. Where a defined benefit superannuation fund (in this clause called the ' original fund ' ) could have provided a mixture of defined benefits and other benefits to a person under the rules of the fund as at 25 May 1988, the old RBM applicable to a person to whom a benefit is paid, or commences to be paid, by the fund is the sum of:

(a) the person ' s maximum fund multiple; and

(b) the multiple that would be calculated under clause 5;
or the base old RBM, whichever is the greater.

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