Retirement Savings Accounts Amendment Regulations 2006 (No. 1) (188 of 2006)

Schedule 1   Amendments

[7]   Subregulation 4A.05 (8)

substitute

(8) At the time that the payment split notice is given or, if a payment split notice is not required, within 28 days after the later of:

(a) the operative time; and

(b) the time when the RSA provider creates the non-member spouse interest;

the RSA provider must give to the member spouse and the non-member spouse a written notice stating:

(c) that the new interest has been created; and

(d) that the value of the original interest has been reduced; and

(e) the amount of the non-member spouse interest.