Retirement Savings Accounts Amendment Regulations 2007 (No. 1) (104 of 2007)

Schedule 3   Amendments commencing on 1 July 2007

[31]   Subregulation 4.24 (3)


(3) The form in which benefits may be cashed under this regulation is:

(a) a single lump sum in respect of each person to whom benefits are cashed; or

(b) subject to subregulations (3A) and (3B):

(i) 1 or more pensions; or

(ii) the purchase of 1 or more annuities under the SIS Regulations.

Note For the cashing requirement applying on the death of the RSA holder, see regulation 4.24.