Retirement Savings Accounts Regulations 1997

This regulation applies if:

an RSA interest is subject to a base amount payment split or a percentage payment split; and

the interest is in the growth phase; and

none of the following has occurred as a result of a payment split:

a new RSA was opened for the non‑member spouse;

the transferable benefits of the non‑member spouse were transferred or rolled out of the RSA;

the amount to which the non‑member spouse is entitled under the payment split was paid, as a lump sum, to the non‑member spouse.

The RSA provider must give to the non‑member spouse information about an event if the RSA provider reasonably believes that:

the event is likely to have a material effect on the RSA interest; and

the event may be adverse (whether the adverse effect would occur at the time of the event or a later time).

The information required under subregulation (2) must be given before, or as soon as practicable after, the occurrence of the event.