Retirement Savings Accounts Regulations 1997

PART 4A - RSA INTERESTS SUBJECT TO PAYMENT SPLIT  

Division 4A.2 - Options available for interests  

REGULATION 4A.08   REQUEST FOR LUMP SUM PAYMENT  

4A.08(1)   [Application]  

This regulation applies if:

(a) the non-member spouse has satisfied a relevant condition of release at the operative time for the payment split; or

(b) an allocated pension, market linked pension or account based pension is being paid in respect of the original interest; or

(c) the non-member spouse ' s interest derives from an original interest that comprises only unrestricted non-preserved benefits.

4A.08(2)   [Non-member spouse may request lump sum]  

The non-member spouse may request the RSA provider to pay to the non-member spouse, as a lump sum, the withdrawal benefit from the non-member spouse interest.