Retirement Savings Accounts Regulations 1997

PART 4 - PAYMENT STANDARDS  

Division 4.3 - Cashing of benefits  

REGULATION 4.28   EFFECT OF PAYMENT OF BENEFITS  

4.28(1)   [Discharge of liability]  

If the cashing of the benefits of an RSA holder complies with regulation 4.26 , 4.27 , 4A.24 or 4A.28 , the RSA provider is discharged from all further liability in respect of the benefits cashed.

4.28(2)   [Benefits not part of estate]  

Benefits of an RSA holder cashed in accordance with regulation 4.26 , 4.27 , 4A.24 or 4A.28 in favour of a person other than a legal personal representative of the RSA holder do not form part of the estate of the RSA holder.