Retirement Savings Accounts Regulations 1997

PART 4A - RSA INTERESTS SUBJECT TO PAYMENT SPLIT  

Division 4A.2 - Options available for interests  

REGULATION 4A.04   APPLICATION OF DIVISION 4A.2  

4A.04(1)   [Allocated pensions]  

This Division applies in relation to an RSA interest (the original interest ) if:

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

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

(c) the RSA provider has not received a request under regulation 4A.16 , 4A.17 or 4A.18 or taken an action under regulation 4A.21 in relation to the original interest.

4A.04(2)   [Accumulation interests]  

This Division also applies in relation to an RSA interest (the original interest ) if:

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

(b) the original interest is an accumulation interest in the growth phase; and

(c) the RSA provider has not received a request under regulation 4A.16 , 4A.17 or 4A.18 or taken an action under regulation 4A.21 in relation to the original interest.

4A.04(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 .