Commonwealth Numbered Regulations

1997 No. 116 RETIREMENT SAVINGS ACCOUNTS REGULATIONS - REG 4.31

4.31. Subject to regulation 4.34, for the purposes of subsection 38 (1) of the
Act, it is a standard applicable to the operation of RSAs
that the RSA institution ("the receiving RSA institution") must not accept the
rollover or transfer of a benefit from another RSA or from a superannuation
entity if:

   (a)  the receiving RSA institution has reasonable grounds to believe that
        the benefit being rolled over or transferred is being rolled over or
        transferred on the basis of a belief held by the RSA provider or
        trustee of the transferring entity (as the case may be) that the 
        receiving RSA institution has received the RSA holder's or member's
        consent to the rollover or transfer; and

   (b)  the receiving RSA institution has not received that consent.