South Australian Numbered Acts South Australian Numbered Acts (1) A payment to be
made under this Act to or on behalf of a member or spouse member, or to
another person who has an entitlement to the payment of a benefit or other
amount with respect to a superannuation interest, must be made by the
Treasurer out of the Consolidated Account (which is appropriated to the
necessary extent) or out of a special deposit account established by the
Treasurer for that purpose.
(2) If the payment
includes an amount standing to the credit of a contribution account, a
rollover account or a co-contribution account, an amount equal to the amount
of the payment is to be charged against the appropriate account and the
Treasurer must reimburse the Consolidated Account or special deposit account
by charging the Fund with that amount.
(3) If the payment
includes an invalidity or death insurance benefit, the Consolidated Account or
special deposit account is to be reimbursed with the amount of the benefit by
charging it against the Fund.
(4) If, on the
invalidity or death of a member who was a police officer, an amount greater
than the aggregate of the balance of the member's contribution account and an
insurance benefit (if any) is payable by way of benefits under the regulations
to or in respect of the member, the amount payable will be taken, for the
purposes of this section, to include the balance of the contribution account
and the insurance benefit (if any).
(5) This section does
not apply in relation to a payment to be made to a person in connection with
an investment service or some other product or service provided by the Board
pursuant to regulations made under section 30(2)(g).