Commonwealth Numbered Regulations

1997 No. 116 RETIREMENT SAVINGS ACCOUNTS REGULATIONS - REG 6.17

6.17. For the purposes of paragraph 89 (3) (b) of the Act, the amount of the
consideration for the issue of a superannuation interest is equal to:

   (a)  if the RSA provider has received an amount of money to which
        subsection 61 (2) of the Act applies - the amount so received; or

   (b)  in any other case - the amount of the RSA holder's withdrawal  benefit
        in the RSA. [NOTE: Section 89 of the Act sets out the circumstances in
        which the RSA provider may apply to the trustee of an
        eligible rollover fund, on behalf of an RSA holder, for the issue to
        the RSA holder of a superannuation interest in the
        eligible rollover fund. There are no conditions prescribed for the
        purposes of subsection 89 (1) of the Act.]