Retirement Savings Accounts Regulations 1997
SCHEDULE 1
SECTION 6.
6.
In the case of a reversionary beneficiary mentioned in clause 1 or 2 , the maximum and minimum limits for reversionary benefits must be calculated: (a) on or before the 1 July next after the death of the original beneficiary; or (b) if the death of the original beneficiary occurs in the period from 1 April to 30 June (inclusive) in a year, recalculation may be extended beyond 1 July in that year to the earliest normal RSA recalculation date after the financial year in which the death occurred.
(subregulation 1.07(2) )
PAYMENT LIMITS FOR PENSIONS WITH A COMMENCEMENT DAY BEFORE 1 JANUARY 2006
View history note
Hide history noteIn the case of a reversionary beneficiary mentioned in clause 1 or 2 , the maximum and minimum limits for reversionary benefits must be calculated: (a) on or before the 1 July next after the death of the original beneficiary; or (b) if the death of the original beneficiary occurs in the period from 1 April to 30 June (inclusive) in a year, recalculation may be extended beyond 1 July in that year to the earliest normal RSA recalculation date after the financial year in which the death occurred.
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