Retirement Savings Accounts Amendment Regulations 2007 (No. 1) (104 of 2007)

Schedule 3   Amendments commencing on 1 July 2007

[27]   Subregulation 4.23 (3)

substitute

(3) Subject to subregulation (4), the form in which unrestricted non-preserved benefits may be cashed under this regulation is, unless the cashing occurs in consequence of the death of the RSA holder, any 1 or more of the following forms:

(a) 1 or more lump sums;

(b) 1 or more pensions;

(c) the purchase of 1 or more annuities under the SIS Regulations.

Note For the cashing requirement applying on the death of the RSA holder, see regulation 4.24.