Document ID: chunk:federal_register_of_legislation:F2024C01224:front:0:p59
Version: federal_register_of_legislation:F2024C01224
Segment Type: other
Provision Reference: 
Character Range: 150615–153463

RSA provider.
 (3) The RSA provider must give the information to the receiving entity on the same day as the RSA provider makes the rollover or transfer.
Note: Standards made under subsection 45B(3) of the Act may set out how the information in subregulation (1) is to be given to the receiving entity (for example, electronically), and may require additional information to be given.

4.35M  Receiving entity must electronically receive information and payment
 (1) This regulation applies to an RSA provider (the receiving entity) if:
 (a) another RSA provider or a regulated superannuation fund or approved deposit fund (the transferring entity) gives to the receiving entity in relation to a rollover or transfer:
 (i) the information mentioned in subregulation 4.35L(1); and
 (ii) a payment of the whole or a part of an RSA holder's withdrawal benefit being rolled over or transferred to the receiving entity; and
 (b) the information is given, and the payment made, in accordance with the applicable Standards (if any) made under subsection 45B(3) of the Act or subsection 34K(3) of the SIS Act.
 (2) The receiving entity must be able to receive the information and payment electronically.
Note: Standards made under subsection 45B(3) may set out additional requirements for how the receiving entity is to receive the information and payment.

4.35N  Receiving entity must allocate amount to RSA holder
 (1) This regulation applies to an RSA provider (the receiving entity) if:
 (a) the receiving entity receives a rollover or transfer of an amount that is the whole or a part of an RSA holder's withdrawal benefit from:
 (i) a regulated superannuation fund or approved deposit fund; or
 (ii) another RSA provider; or
 (iii) the Commissioner of Taxation; and
 (b) for a rollover or transfer received from another RSA provider (the transferring entity):
 (i) the transferring entity made the rollover or transfer in accordance with any applicable Standards specified under subsection 45B(3) of the Act; and
 (ii) the information required by subregulation 4.35L(1) and any applicable Standards made under subsection 45B(3) of the Act was sent in relation to the rollover or transfer; and
 (iii) the information was sent in the way required by any applicable Standards made under subsection 45B(3) of the Act; and
 (c) for a rollover or transfer received from a regulated superannuation fund or approved deposit fund (the transferring fund):
 (i) the transferring fund made the rollover or transfer in accordance with any applicable Standards specified under subsection 34K(3) of the SIS Act; and
 (ii) the information required by subregulation 6.34B(1) of the SIS Regulations, and any applicable Standards specified under subsection 34K(3) of the SIS Act, was sent in relation to the rollover or transfer; and
 (iii) the information was sent in