Retirement Savings Accounts Regulations 1997

PART 4 - PAYMENT STANDARDS  

Division 4.1 - Introductory  

Subdivision 4.1.2 - Preserved benefits  

REGULATION 4.05  

4.05   PRESERVED BENEFITS - ON AND AFTER 1 JULY 1999  

Subject to regulation 4.14 and to Subdivision 4.1.5 , the amount of the preserved benefits of the holder of an RSA in the RSA at any time on or after 1 July 1999 is the amount of the RSA holder's benefits less the sum of:

(a) the amount of the RSA holder's restricted non-preserved benefits as defined by regulation 4.10 ; and

(b) the amount of the RSA holder's unrestricted non-preserved benefits as defined by regulation 4.13 .