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 4.34  

4.34   WHEN RSA HOLDER'S CONSENT NEED NOT BE GIVEN  
The benefits of an RSA holder in an RSA may be transferred from the RSA to another RSA provided by an RSA institution without the consent required under regulation 4.33 if the transfer is the direct result of:

(a) the takeover of the RSA provider with which the person previously held an RSA, by:

(i) the RSA institution; or

(ii) a corporation that is a related corporation of the RSA institution within the meaning of the Corporations Law; or

(b) a merger involving the RSA provider with which the person previously held an RSA and which results in the creation of the RSA institution; or

(c) the transfer of any, or all of, the assets and liabilities of the RSA provider with which the person previously held an RSA to the RSA institution:

(i) under a provision of the Banking Act 1959 , the Life Insurance Act 1995 or of any other law of the Commonwealth, a State or a Territory; or

(ii) under a voluntary transfer of engagements; or

(iii) on request of a regulatory agency prescribed under regulation 6.12 .