Subject to regulation 4.14 and to Subdivision 4.1.5, the amount of the preserved benefits of the holder of an RSA in the RSA at any time on or after 1 July 1999 is the amount of the RSA holder's benefits less the sum of:
(a) the amount of the RSA holder's restricted non - preserved benefits as defined by regulation 4.10; and
(b) the amount of the RSA holder's unrestricted non - preserved benefits as defined by regulation 4.13.