Retirement Savings Accounts Regulations 1997

PART 4A - RSA INTERESTS SUBJECT TO PAYMENT SPLIT  

Division 4A.3 - Options available for certain RSA interests  

REGULATION 4A.15   APPLICATION OF DIVISION 4A.3  

4A.15(1)   [Application]  

This Division applies if:

(a) an RSA interest (the original interest ) is subject to a payment split; and

(b) either:

(i) the original interest is in the growth phase; or

(ii) an allocated pension, market linked pension or account based pension is being paid in respect of the original interest.

4A.15(2)   [Non-member spouse interest]  

This Division does not apply to an original interest if the RSA provider has created a non-member spouse interest under regulation 4A.05 .

4A.15(3)   [Life insurance]  

This Division does not apply to an RSA interest that is determined by reference to a policy of life insurance mentioned in regulation 3.11 .