Retirement Savings Accounts Regulations 1997

PART 4 - PAYMENT STANDARDS  

Division 4.1 - Introductory  

Subdivision 4.1.4 - Unrestricted non-preserved benefits  

REGULATION 4.14   MOVEMENT OF BENEFITS BETWEEN CATEGORIES BY SATISFACTION OF CONDITIONS OF RELEASE  

4.14(1)   [Preserved benefits becoming unrestricted non-preserved benefits]  

If:

(a) an RSA holder satisfies a condition of release; and

(b) the relevant cashing restriction in respect of preserved benefits is ``Nil'';

the RSA holder's preserved benefits in the RSA at that time cease to be preserved benefits and become unrestricted non-preserved benefits.

4.14(2)   [Restricted non-preserved benefits becoming unrestricted non-preserved benefits]  

If:

(a) an RSA holder satisfies a condition of release; and

(b) the relevant cashing restriction in respect of restricted non-preserved benefits is ``Nil'';

the RSA holder's restricted non-preserved benefits in the RSA at that time cease to be restricted non-preserved benefits and become unrestricted non-preserved benefits.

4.14(3)   [Application of Subdiv 4.1.5]  

This regulation has effect subject to Subdivision 4.1.5 .