Retirement Savings Accounts Amendment Regulations 2007 (No. 1) (104 of 2007)
Schedule 1 Amendments commencing on day after registration
[6] After regulation 4.20
Insert
4.20A Payment and commutation of pension in breach of standards
If an RSA provider provides a pension under rules which meet the standards of subregulation 1.07 (3A), the RSA provider must not:
(a) pay the pension in a way that does not meet the standards of that subregulation; or
(b) allow the pension to be commuted except in accordance with that subregulation.
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