Retirement Savings Accounts Amendment Regulations 2009 (No. 1) (14 of 2009)

Schedule 1   Amendments commencing on day after registration

[12]   Subregulation 4.23A (1)

substitute

(1) This regulation applies to the benefits of an RSA holder if:

(a) the RSA holder:

(i) was a temporary resident; and

(ii) is not an Australian citizen, New Zealand citizen or permanent resident; and

(iii) has left Australia; and

(b) the RSA holder's visa has ceased to be in effect.

(1A) The RSA holder's benefits must be cashed if:

(a) the RSA provider receives a request from the RSA holder that the benefits be cashed; and

(b) subregulation (2) or (3) is complied with.