Retirement Savings Accounts Amendment Regulations 2004 (No. 3) (197 of 2004)

Schedule 1   Amendments

[11]   Regulation 4A.08

substitute

4A.08 Request for lump sum payment

(1) 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 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.

(2) The non-member spouse may request the RSA provider to pay to the non-member spouse, as a lump sum, the withdrawal benefit from the non-member spouse interest.