Retirement Savings Accounts Regulations (Amendment) 1998 (176 of 1998)
20. Regulation 4.24 (Compulsory cashing of benefits)
20.1 After subregulation 4.24 (3), insert:
" (3A) For subregulations (1) and (2), after the RSA holder turns 65 years:
(a) the RSA provider must make reasonable attempts to keep itself informed about the RSA holder's ongoing employment status; and
(b) if the RSA provider cannot find out the RSA holder's ongoing employment status, the RSA holder is taken not to be gainfully employed.".
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
