Commonwealth Numbered Regulations

RETIREMENT SAVINGS ACCOUNTS REGULATIONS 1997

TABLE OF PROVISIONS

   1.01.   Citation  
   1.02.   Commencement  
   1.03.   Interpretation  
   1.04.   Eligible person - section 13 of the Act  
   1.05.   Approved auditor  
   1.06.   Lost RSA holder  
   1.07.   Meaning of "pension" - section 16 of the Act  
   2.01.   Interpretation  
   2.02.   Duties and requirements arising under this Part  
   2.03.   Giving information - reasonable efforts sufficient  
   2.04.   RSA holders to whom RSA providers are not required to give information  
   2.05.   Charges for information requested  
   2.06.   Information to be given to prospective RSA holder  
   2.07.   When information need not be given to RSA holders  
   2.08.   Information to be given to employers  
   2.09.   Prescribed information - paragraph 52 (2) (a) of the Act  
   2.10.   Information to be given to employees  
   2.11.   Operating standards  
   2.12.   Reporting periods  
   2.13.   Time for compliance  
   2.14.   Information to be given in all cases  
   2.15.   Information to be given where applicable  
   2.16.   Exception - certain cases of RSA holders leaving RSA provider  
   2.17.   Exception - RSA holders subject to compulsory protection of small amounts  
   2.18.   Exception - RSA holders with small amounts that are expected to grow quickly  
   2.19.   Operating standards  
   2.20.   Duty to give information  
   2.21.   Operating standards  
   2.22.   Time for compliance - event  
   2.23.   Time for compliance - increase in fees or charges or decrease in interest rates  
   2.24.   Time for compliance - decisions of RSA provider  
   2.25.   Information to be given  
   2.26.   Contact details to accompany information  
   2.27.   General requirement  
   2.28.   Specific requirements - changes in terms and conditions  
   2.29.   Specific requirements - benefit to be paid to eligible rollover fund  
   2.30.   Information about Superannuation Complaints Tribunal  
   2.31.   Operating standards  
   2.32.   Documents may be made available for inspection  
   2.33.   Time for compliance  
   2.34.   General requirement  
   2.35.   Specific requirements  
   2.36.   Application  
   2.37.   Operating standards  
   2.38.   Time for compliance  
   2.39.   Exit reporting period  
   2.40.   Information to be given in cases other than death of RSA holder  
   2.41.   Information to be given where applicable  
   2.42.   Information to be given in case of death of RSA holder  
   2.43.   Exceptions to "exit reporting period" provisions  
   2.44.   Exception - RSA holders subject to compulsory protection of small amounts  
   2.45.   Application  
   2.46.   Operating standard  
   2.47.   Information to be given on transfer of lost RSA holders  
   3.01.   Interpretation  
   3.02.   RSA provider may provide greater protection  
   3.03.   Operating standards  
   3.04.   Minimum benefits  
   3.05.   How benefits are to be treated  
   3.06.   Mandated employer contributions  
   3.07.   Interpretation  
   3.08.   Operating standards  
   3.09.   RSA holder-protection standards not to apply to certain protected RSA holders  
   3.10.   RSA holder-protection standards not to apply to pensions or annuities  
   3.11.   RSA holder-protection standards not to apply to traditional life insurance policies  
   3.12.   RSA holder-protection standards  
   3.13.   Costs not to be deferred  
   4.01.   Interpretation  
   4.02.   Operating standards  
   4.03.   RSA changeover day  
   4.04.   Preserved benefits - before RSA changeover day  
   4.05.   Preserved benefits - on and after RSA changeover day  
   4.06.   Preserved benefits - rollover or transfer from regulated superannuation funds during 1997 or 1998  
   4.07.   Preserved benefits - rollover or transfer between RSAs during 1998  
   4.08.   Effect of rollover or transfer on preserved benefits  
   4.09.   Restricted non-preserved benefits - before RSA changeover day  
   4.10.   Restricted non-preserved benefits - on and after RSA changeover day  
   4.11.   Restricted non-preserved benefits - rollover or transfer from regulated superannuation funds during 1997 or 1998  
   4.12.   Restricted non-preserved benefits - rollover or transfer between RSAs during 1998  
   4.13.   Unrestricted non-preserved benefits  
   4.14.   Movement of benefits between categories by satisfaction of conditions of release  
   4.15.   Effect of rollover or transfer on unrestricted non-preserved benefits  
   4.16.   Indexation  
   4.17.   Contributions and benefits taken to be preserved benefits  
   4.18.   Redistribution of benefits by operation of terms and conditions or action of RSA provider  
   4.19.   Operating standards  
   4.20.   Restriction on payment  
   4.21.   Voluntary cashing of preserved benefits  
   4.22.   Voluntary cashing of restricted non-preserved benefits  
   4.23.   Voluntary cashing of unrestricted non-preserved benefits  
   4.24.   Compulsory cashing of benefits  
   4.25.   Effect of rollover or transfer on post-65 employer-financed benefits  
   4.26.   Limitation on cashing of benefits in favour of persons other than RSA holders or their legal personal representatives  
   4.27.   Circumstances in which benefits may be cashed in favour of persons other than RSA holders  
   4.28.   Effect of payment of benefits  
   4.29.   Priority in cashing benefits in certain cases  
   4.30.   Interpretation  
   4.31.   Operating standards  
   4.32.   Rollover  
   4.33.   Transfer  
   4.34.   When RSA holder's consent need not be given  
   5.01.   Interpretation  
   5.02.   Operating standards  
   5.03.   Acceptance of contributions  
   6.01.   Notice of reviewable decisions and reasons for those decisions  
   6.02.   Reconsideration of certain decisions  
   6.03.   Review by Tribunal of reconsidered decisions  
   6.04.   Application for approval as an RSA institution  
   6.05.   Circumstances in which a person may become RSA holder  
   6.06.   Requirements concerning how certain money to be dealt with  
   6.07.   Statements by experts - keeping of written consents  
   6.08.   Operating standards - disclosure of information to Commissioner  
   6.09.   Operating standards - information regarding lost RSA holders  
   6.10.   Lodgment of annual returns  
   6.11.   RSA holder benefits - specified age  
   6.12.   Prescribed regulatory agency  
   6.13.   Period to notify RSA holder or employer of suspension or revocation  
   6.14.   Orders etc of the Superannuation Complaints Tribunal to be complied with  
   6.15.   Amount to be transferred  
   6.16.   Period within which audit report must be given  
   6.17.   Payment of benefit to eligible rollover fund  
   6.18.   Report of inspector - prescribed agencies  
   6.19.   Statements made at an examination - manner of authentication  
   6.20.   Definition of "financial sector supervisory agency"  
   6.21.   Definition of "law enforcement agency"  
           SCHEDULE 1
           SCHEDULE 2