Superannuation Legislation Amendment (Simplification) Act 2007 (15 of 2007)

Schedule 1   Consequential amendments etc.

Part 2   Other consequential amendments etc.

Retirement Savings Accounts Act 1997

279   After section 43


43A Rules about cashing benefits after death of RSA holder

(1) The terms and conditions of an RSA must not permit the RSA holder's benefits to be cashed after the holder's death otherwise than in accordance with standards prescribed for the purposes of section 38.

(2) If the terms and conditions of an RSA are inconsistent with subsection (1):

(a) subsection (1) prevails; and

(b) the terms and conditions are invalid, to the extent of the inconsistency.