Retirement Savings Accounts Regulations 1997

PART 4 - PAYMENT STANDARDS  

Division 4.4A - Compulsory rollover and transfer of benefits in RSAs  

REGULATION 4.35L   RSA HOLDER DETAILS FOR ROLLOVER OR TRANSFER  

4.35L(1)    
An RSA provider who rolls over or transfers the whole or part of an RSA holder ' s withdrawal benefit under regulation 4.35J to a regulated superannuation fund, an EPSSS, an approved deposit fund or another RSA provider (the receiving entity ) must give the following information to the receiving entity in relation to the rollover or transfer:

(a) the RSA holder ' s full name;

(b) the RSA holder ' s date of birth;

(c) the RSA holder ' s sex;

(d) the RSA holder ' s residential address;

(e) the payment reference number included with the rollover or transfer.

Note:

See section 138 of the Act for requirements relating to the provision of the RSA holder ' s tax file number.

4.35L(2)    
However, the RSA provider is not required to give the information to the receiving entity if the RSA holder has not given the information to the RSA provider.

4.35L(3)    
The RSA provider must give the information to the receiving entity on the same day as the RSA provider makes the rollover or transfer.

Note:

Standards made under subsection 45B(3) of the Act may set out how the information in subregulation (1) is to be given to the receiving entity (for example, electronically), and may require additional information to be given.