Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.9.08C

Money held in trust for a superannuation product or RSA product

                   For subsection 1017E(2C) of the Act, if money is paid to a product provider for a financial product that is a superannuation product or an RSA product, as defined in section 761A of the Act:

                     (a)  subsection 1017E(2A) of the Act does not apply in relation to the money; and

                     (b)  the money is taken to be held in trust by the product provider for the benefit of the person who is entitled to the money.



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