Commonwealth Consolidated Regulations

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RETIREMENT SAVINGS ACCOUNTS REGULATIONS 1997 - REG 4A.13

Rolling over or transferring the non - member spouse's interest

  (1)   This regulation applies if the RSA provider rolls over or transfers the withdrawal benefit from the non - member spouse's interest:

  (a)   to give effect to a request under regulation   4A.07; or

  (b)   on the RSA provider's initiative under subregulation   4A.11(1).

  (2)   The RSA provider must roll over or transfer the amount as follows:

  (a)   if the rollover or transfer is to give effect to a request under regulation   4A.07, it must be done within:

  (i)   30 days after receiving the request; or

  (ii)   any longer period allowed by the Regulator;

  (b)   if the rollover or transfer is to be done on the RSA provider's initiative under paragraph   4A.11(1)(a), it must be done within 30 days after the RSA provider receives the nomination from the non - member spouse under subregulation   4A.11(2).

  (3)   Within 28 days after the amount is rolled over or transferred, the RSA provider must give a notice to the non - member spouse, stating:

  (a)   that the benefits have been rolled over or transferred; and

  (c)   the amount that was rolled over or transferred.



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