Commonwealth Consolidated Regulations

RETIREMENT SAVINGS ACCOUNTS REGULATIONS 1997 - REG 4.14

         (1)    If:

                (a)    an RSA holder satisfies a condition of release; and

               (b)    the relevant cashing restriction in respect of preserved benefits is 'Nil';

the RSA holder's preserved benefits in the RSA at that time cease to be preserved benefits and become unrestricted non‑preserved benefits.

         (2)    If:

                (a)    an RSA holder satisfies a condition of release; and

               (b)    the relevant cashing restriction in respect of restricted non‑preserved benefits is 'Nil';

the RSA holder's restricted non‑preserved benefits in the RSA at that time cease to be restricted non‑preserved benefits and become unrestricted non‑preserved benefits.

         (3)    This regulation has effect subject to Subdivision 4.1.5.