Retirement Savings Accounts Regulations 1997

PART 4 - PAYMENT STANDARDS  

Division 4.4 - Rollover and transfer of benefits  

[ NOTE:

See also Parts 8 and 9 of the Act.]

REGULATION 4.32  

4.32   ROLLOVER  

Except as otherwise provided by the Act, the Corporations Act 2001 , the Corporations Regulations 2001 or these Regulations, the benefits of an RSA holder in an RSA must not be rolled over from that RSA unless:

(a) the RSA holder has given to the RSA provider the RSA holder's consent to the rollover; or

(b) the RSA provider believes, on reasonable grounds, that:

(i) the RSA institution providing the RSA; or

(ii) the trustee of the superannuation entity or EPSSS;

into which the benefits are to be rolled over has received, from the RSA holder, consent to the rollover.