Retirement Savings Accounts Regulations (Amendment) 1998 (176 of 1998)
20. Regulation 4.24 (Compulsory cashing of benefits)
20.1 After subregulation 4.24 (3), insert:
" (3A) For subregulations (1) and (2), after the RSA holder turns 65 years:
(a) the RSA provider must make reasonable attempts to keep itself informed about the RSA holder's ongoing employment status; and
(b) if the RSA provider cannot find out the RSA holder's ongoing employment status, the RSA holder is taken not to be gainfully employed.".