Commonwealth Consolidated Regulations

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RETIREMENT SAVINGS ACCOUNTS REGULATIONS 1997 - REG 4A.18

Request for lump sum payment

  (1)   This regulation applies if:

  (a)   the non - member spouse has satisfied a relevant condition of release at the operative time for the payment split; or

  (b)   an allocated pension, market linked pension or account based pension is being paid in respect of the original interest; or

  (c)   the non - member spouse's interest derives from an original interest that comprises only unrestricted non - preserved benefits.

  (2)   The non - member spouse may request the RSA provider to pay to the non - member spouse, as a lump sum, the amount to which the non - member spouse is entitled under the payment split.



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