Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.9.82

Lost RSA holders

             (1)  For paragraph 1020G(1)(c) of the Act, this regulation applies in relation to a restricted issue of a relevant financial product if:

                     (a)  the issue is mentioned in paragraph 1016A(2)(d) of the Act; and

                     (b)  the recipient is a lost RSA holder.

             (2)  Part 7.9 of the Act applies in relation to the restricted issue as if paragraph 1016A(2)(d) of the Act included an obligation on the RSA provider that is applying for the issue on behalf of the recipient to give to the trustee that is to issue the financial product:

                     (a)  a statement that the recipient is a lost RSA holder; and

                     (b)  if the recipient has specifically asked the RSA holder not to disclose information of a specified kind--a statement to that effect; and

                     (c)  all information in the possession of the RSA holder that could reasonably help the trustee to locate or identify the recipient, other than information of a kind that the recipient has specifically asked the RSA holder not to disclose.



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