Treasury Laws Amendment (Reuniting More Superannuation) Regulations 2021 (F2021L00412)
Schedule 1 Amendments
Retirement Savings Accounts Regulations 1997
10 Subregulations 4A.20(3) and (4)
Repeal the subregulations, substitute:
(3) If paragraph (2)(b) or (c) applies in relation to a request, the RSA provider must:
(a) roll over or transfer the transferable benefits to an RSA provided by another RSA provider, or another superannuation entity or EPSSS, nominated by the non-member spouse; or
(b) if there has been no such nomination by the non-member spouse - consider whether it would be in the best interests of the non-member spouse to pay the amount of the transferable benefits to the Commissioner under section 22 of the Superannuation (Unclaimed Money and Lost Members) Act 1999.
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