Retirement Savings Accounts Regulations 1997
Subject to regulations 4.12 and 4.14 and to Subdivision 4.1.5 , the amount of the restricted non-preserved benefits of the holder of an RSA in the RSA at any time on or after 1 July 1999 is the sum of the following amounts:
(a) the RSA holder's restricted non-preserved benefits on 30 June 1999 worked out under regulation 4.09 ;
(b) any restricted non-preserved benefits received by the RSA for the RSA holder from another RSA, a regulated superannuation fund or an EPSSS on and after 1 July 1999.
View history note
Hide history note(a) on or after 1 July 1999, a deduction is allowed for the RSA holder under the former section 82AAT of the Income Tax Assessment Act 1936 for an RSA holder contribution made before 1 July 1999; and
(b) the benefits arising from the contribution were previously allocated to restricted non-preserved benefits;
the benefits are taken to be preserved benefits.
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