Retirement Savings Accounts Regulations 1997

PART 4 - PAYMENT STANDARDS  

Division 4.3 - Cashing of benefits  

REGULATION 4.27   4.27   WHEN BENEFITS MAY BE CASHED IN FAVOUR OF PERSONS OTHER THAN RSA HOLDERS  
The benefits of an RSA holder may be cashed in favour of a person other than the RSA holder if:


(a) the cashing is approved in writing by APRA for the purposes of paragraph 15(4)(d) of the Act; and


(b) the benefits are cashed only to the extent of that approval.




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