Reg 2.29 omitted by SR No 20 of 2002, reg 3 and Sch 1 item 4, effective 11 March 2002. Reg 2.29 formerly read:
SPECIFIC REQUIREMENTS
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BENEFIT TO BE PAID TO ELIGIBLE ROLLOVER FUND
2.29(1)
If the benefits of an RSA holder will be paid (otherwise than under a payment split) to an eligible rollover fund unless the RSA holder chooses, within a specified period, an RSA institution, superannuation entity or EPSSS to which those benefits will be paid, the RSA provider must give to the RSA holder information relating to the payment to the eligible rollover fund that will assist the RSA holder to decide between having the benefits paid to the eligible rollover fund or to the RSA institution, superannuation entity or EPSSS chosen by the RSA holder.
History
Reg 2.29(1) amended by SR No 47 of 2002, reg 3 and Sch 1 item 10, by inserting ``(otherwise than under a payment split)
'
'
after the first mention of ``paid'', effective 7 March 2002.
Reg 2.29(1) amended by SR No 13 of 1999.
2.29(2)
In particular, the RSA provider must give to the RSA holder so much of the following information as is relevant to the circumstances:
(a)
an explanation why the RSA provider intends to pay the RSA holder's benefits to the eligible rollover fund if the RSA holder does not make the choice within the period;
(b)
a statement of the effect of the payment of the benefits to the eligible rollover fund;
(c)
the contact details of the eligible rollover fund;
(d)
the amount of the RSA holder's benefits that will be paid from the RSA;
(e)
a statement to the effect that if the RSA holder chooses an RSA institution, superannuation entity or EPSSS that refuses to accept the payment of the RSA holder's benefits, or the RSA holder makes no choice within the specified period, the RSA provider will pay the benefits to the eligible rollover fund.
History
Reg 2.29(2) amended by SR No 13 of 1999.
2.29(3)
This regulation does not require the RSA provider to provide information about an RSA institution, about a superannuation entity other than the eligible rollover fund or about an EPSSS.
History
Reg 2.29(3) amended by SR No 13 of 1999.
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