Document ID: chunk:federal_register_of_legislation:F2024C01224:front:0:p23
Version: federal_register_of_legislation:F2024C01224
Segment Type: other
Provision Reference: 
Character Range: 55728–58454

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.
 (2) The RSA provider must give to the non‑member spouse information about an event if the RSA provider reasonably believes that:
 (a) the event is likely to have a material effect on the RSA interest; and
 (b) the event may be adverse (whether the adverse effect would occur at the time of the event or a later time).
 (3) The information required under subregulation (2) must be given before, or as soon as practicable after, the occurrence of the event.

Part 3—Benefit protection standards

Division 3.1—Introductory

3.01  Interpretation
 (1) In this Part, unless the contrary intention appears:
administration costs includes all fees and charges charged against benefits of the holder of an RSA in the RSA (whether or not charged against the contributions by or in respect of the RSA holder), other than:
 (a) the cost (if any) of providing to the RSA holder:
 (i) an insured death benefit; or
 (ii) an insured permanent or temporary incapacity benefit; and
 (b) taxation costs.
Note: Examples of 'taxation costs': contributions tax, superannuation contributions surcharge.
deferred annuity has the same meaning as in Part 5 of the SIS Regulations.
rolled over means paid as a superannuation lump sum (other than by way of being transferred) within the superannuation system.
superannuation provider means:
 (a) an RSA provider; or
 (b) the trustee of a regulated superannuation fund; or
 (c) the trustee of an approved deposit fund.
superannuation system means the system comprising:
 (a) RSAs; and
 (b) regulated superannuation funds; and
 (c) approved deposit funds; and
 (d) the Commissioner of Taxation in the Commissioner of Taxation's role as the maker of payments to a superannuation provider under the Superannuation (Unclaimed Money and Lost Members) Act 1999; and
 (f) annuities; and
 (g) deferred annuities; and
 (h) EPSSSs.
transferred, in relation to the benefits of the holder of an RSA paid out of, or received by, the RSA, means paid to, or received from:
 (a) another RSA provided by an RSA institution; or
 (b) a superannuation entity; or
 (c) an EPSSS;
otherwise than upon the satisfaction by the RSA holder of a condition of release (within the meaning of Part 4) for all those benefits.

3.02  RSA provider may provide greater protection
  An RSA provider has the power, despite anything in the terms and conditions of an RSA, to protect the benefits of an RSA holder to a greater degree than is required by this Part, if the RSA provider does so in a way that is consistent with this Part.
Note: For example, an RSA provider might choose to protect the benefits of all