Retirement Savings Accounts Regulations 1997

PART 4A - RSA INTERESTS SUBJECT TO PAYMENT SPLIT  

Division 4A.3 - Options available for certain RSA interests  

REGULATION 4A.18   REQUEST FOR LUMP SUM PAYMENT  

4A.18(1)   [Application]  

This regulation applies if:


(a) the non-member spouse has satisfied a relevant condition of release at the operative time for the payment split; or


(b) an allocated pension, market linked pension or account based pension is being paid in respect of the original interest; or


(c) the non-member spouse ' s interest derives from an original interest that comprises only unrestricted non-preserved benefits.

4A.18(2)   [Request for payment]  

The non-member spouse may request the RSA provider to pay to the non-member spouse, as a lump sum, the amount to which the non-member spouse is entitled under the payment split.

4A.18(3)    
(Repealed by SR No 197 of 2004)





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