Commonwealth Consolidated Regulations

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RETIREMENT SAVINGS ACCOUNTS REGULATIONS 1997 - REG 4.23B

Cashing of benefits in an RSA -- payment to Commissioner of Taxation

                If an RSA provider is required to pay an amount to the Commissioner of Taxation under the Superannuation (Unclaimed Money and Lost Members) Act 1999 for a person's interest in an RSA, the amount must be cashed in favour of the Commissioner of Taxation as a lump sum.

Note    An amount to be paid under the Superannuation (Unclaimed Money and Lost Members) Act 1999 must be paid by the time required under that Act.



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