Treasury Laws Amendment (Reuniting More Superannuation) Regulations 2021 (F2021L00412)

Schedule 1   Amendments

Retirement Savings Accounts Regulations 1997

10   Subregulations 4A.20(3) and (4)

Repeal the subregulations, substitute:

(3) If paragraph (2)(b) or (c) applies in relation to a request, the RSA provider must:

(a) roll over or transfer the transferable benefits to an RSA provided by another RSA provider, or another superannuation entity or EPSSS, nominated by the non-member spouse; or

(b) if there has been no such nomination by the non-member spouse - consider whether it would be in the best interests of the non-member spouse to pay the amount of the transferable benefits to the Commissioner under section 22 of the Superannuation (Unclaimed Money and Lost Members) Act 1999.