Commonwealth Consolidated Regulations

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RETIREMENT SAVINGS ACCOUNTS REGULATIONS 1997 - REG 3.05

How benefits are to be treated

  (1)   An RSA provider must ensure that the benefits of an RSA holder are maintained until the benefits are:

  (a)   cashed (in accordance with Division   4.3) as benefits of the RSA holder, other than for the purpose of the RSA holder's temporary incapacity; or

  (b)   cashed under Part   4A; or

  (c)   rolled over or transferred, as benefits of the RSA holder, or under Part   4A; or

  (d)   transferred, rolled over or allotted under Division   4.5.

  (2)   Subregulation (1) does not apply if, under a law of the Commonwealth, a State or a Territory mentioned in the table, a court makes a forfeiture order (however called) forfeiting part or all of the benefits of the RSA holder to the Commonwealth, a State or a Territory

Item

Law

Provision(s)

Commonwealth

 

1.1

Proceeds of Crime Act 2002

Section   47
Section   48
Section   49
Section   92

New South Wales

 

2.1

Confiscation of Proceeds of Crime Act 1989

Subsection   18(1)

2.2

Criminal Assets Recovery Act 1990

Section   22

Victoria

3.1

Confiscation Act 1997

Division   1 of Part   3
Section   35
Part   4
Subsection   157(6)

Queensland

4.1

Criminal Proceeds Confiscation Act 2002

Section   58
Section   58A
Section   151
Part   5 of Chapter   3

Western Australia

5.1

Criminal Property Confiscation Act 2000

Section   30, to the extent that it applies to confiscation under section   6 in satisfaction of a person's liability under section   20

Section   30, to the extent that it applies to confiscation under section   7

South Australia

6.1

Criminal Assets Confiscation Act 2005

Section   47

Tasmania

7.1

Crime (Confiscation of Profits) Act 1993

Section   16

Australian Capital Territory

8.1

Confiscation of Criminal Assets Act 2003

Section   54
Section   58
Section   62
Section   67

Northern Territory

9.1

Criminal Property Forfeiture Act 2002

Section   75
Section   76
Section   80
Section   96
Section   97
Section   99



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