Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) Subject to regulations 4.27 , 4A.24 and 4A.28, an RSA holder's interest in an RSA must not be cashed in favour of a person other than the RSA holder or the RSA holder's legal personal representative:
(a) unless:
(i) the RSA holder has died; and
(ii) the conditions of subregulation (2) or (3) are satisfied; or
(b) unless the conditions of subregulation (4) or (5) are satisfied.
(2) The conditions of this subregulation are satisfied if the benefits are cashed in favour of either or both of the following:
(a) the RSA holder's legal personal representative;
(b) one or more of the RSA holder's dependants.
(3) The conditions of this subregulation are satisfied if:
(a) the RSA provider has not, after making reasonable inquiries, found either a legal personal representative, or a dependant, of the RSA holder; and
(b) the person in whose favour the benefits are cashed is an individual.
(4) The conditions of this subregulation are satisfied if:
(a) the RSA provider has received a release authority under section 292‑410 of the 1997 Tax Act in respect of the RSA holder; and
(b) the benefits are cashed in favour of the Commissioner of Taxation in accordance with the authority.
(5) The conditions of this subregulation are satisfied if the RSA holder's benefits are cashed in favour of the Commissioner of Taxation to pay an amount to the Commissioner of Taxation under the Superannuation (Unclaimed Money and Lost Members) Act 1999 .