PART 4A
-
RSA INTERESTS SUBJECT TO PAYMENT SPLIT
History
Part 4A inserted by SR No 352 of 2002, reg 3 and Sch 1 item 23, effective 28 December 2002.
Division 4A.3
-
Options available for certain RSA interests
History
Div 4A.3 inserted by SR No 352 of 2002, reg 3 and Sch 1 item 23, effective 28 December 2002.
REGULATION 4A.18
REQUEST FOR LUMP SUM PAYMENT
4A.18(1)
[Application]
This regulation applies if:
(a)
the non-member spouse has satisfied a relevant condition of release at the operative time for the payment split; or
(b)
an allocated pension, market linked pension or account based pension is being paid in respect of the original interest; or
(c)
the non-member spouse
'
s interest derives from an original interest that comprises only unrestricted non-preserved benefits.
History
Reg 4A.18(1) amended by No 84 of 2013, s 3 and Sch 8 item 5, by substituting
"
allocated pension, market linked pension or account based pension
"
for
"
allocated pension or market linked pension
"
in para (b), effective 1 July 2007.
Reg 4A.18(1) amended by SR No 147 of 2004, reg 3 and Sch 3 item 10, by substituting
"
allocated pension or market linked pension
"
for
"
allocated pension
"
in para (b), effective 20 September 2004.
4A.18(2)
[Request for payment]
The non-member spouse may request the RSA provider to pay to the non-member spouse, as a lump sum, the amount to which the non-member spouse is entitled under the payment split.
4A.18(3)
(Repealed by SR No 197 of 2004)
History
Reg 4A.18(3) repealed by SR No 197 of 2004, reg 3 and Sch 1 item 14, effective 1 July 2004. Reg 4A.18(3) formerly read:
4A.18(3)
For this regulation:
(a)
relevant condition of release
means a condition of release mentioned in item 101, 102, 103 or 106 of Schedule
2
; and
(b)
a non-member spouse satisfies a condition of release if the event specified in the condition has occurred in relation to the non-member spouse; and
(c)
in the application of item 101 or 103 of Schedule
2
to a non-member spouse, a reference to an RSA holder in:
(i)
the definition of
permanent incapacity
in subregulation
4.01(2)
; or
(ii)
the definition of retirement in subregulation
4.01(4)
;
is taken to be a reference to the non-member spouse.
Reg 4A.18 inserted by SR No 352 of 2002, reg 3 and Sch 1 item 23, effective 28 December 2002.