Retirement Savings Accounts Act 1997

PART 4 - OPERATING STANDARDS ETC. AND ANNUAL RETURNS FOR RSAs

Division 4 - Other provisions relating to the operation of RSAs

SECTION 43A RULES ABOUT CASHING BENEFITS AFTER DEATH OF RSA HOLDER

43A(1)
The terms and conditions of an RSA must not permit the RSA holder's benefits to be cashed after the holder's death otherwise than in accordance with standards prescribed for the purposes of section 38 .

43A(2)
If the terms and conditions of an RSA are inconsistent with subsection (1):

(a) subsection (1) prevails; and

(b) the terms and conditions are invalid, to the extent of the inconsistency.

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