Retirement Savings Accounts Regulations 1997

Part 4A inserted by SR No 352 of 2002, reg 3 and Sch 1 item 23, effective 28 December 2002.

Div 4A.5 repealed by SR No 197 of 2004, reg 3 and Sch 1 item 34, effective 1 July 2004.

Div 4A.5 inserted by SR No 352 of 2002, reg 3 and Sch 1 item 23, effective 28 December 2002.

Reg 4A.30 repealed by SR No 197 of 2004, reg 3 and Sch 1 item 34, effective 1 July 2004. Reg 4A.30 formerly read:

CREATING A NEW INTEREST  
4A.30(1)
This regulation applies if the RSA provider opens a new RSA for the non-member spouse.

4A.30(2)
In creating the new interest:

(a) a proportion must be taken from the unrestricted non-preserved benefits, the restricted non-preserved benefits and the preserved benefits of the member spouse; and

(b) the proportion taken from each category of benefits must be the same as the category bears to the member spouse's interest immediately before the new RSA was opened.

4A.30(3)
The benefits held in the new interest are unrestricted non-preserved benefits, restricted non-preserved benefits or preserved benefits in accordance with the character that they had in the member spouse's interest.

Reg 4A.30 inserted by SR No 352 of 2002, reg 3 and Sch 1 item 23, effective 28 December 2002.