Commonwealth Consolidated Regulations

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RETIREMENT SAVINGS ACCOUNTS REGULATIONS 1997 - REG 4.28

Effect of payment of benefits

  (1)   If the cashing of the benefits of an RSA holder complies with regulation   4.26, 4.27, 4A.24 or 4A.28, the RSA provider is discharged from all further liability in respect of the benefits cashed.

  (2)   Benefits of an RSA holder cashed in accordance with regulation   4.26, 4.27, 4A.24 or 4A.28 in favour of a person other than a legal personal representative of the RSA holder do not form part of the estate of the RSA holder.



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