Superannuation Safety Amendment Act 2004 (53 of 2004)

Schedule 3   Actuaries, auditors and defined benefit funds

Part 1   Actuaries and auditors

Retirement Savings Accounts Act 1997

2   Subsection 66(3)

Repeal the subsection, substitute:

RSA provider and Regulator to be told about the matter

(3) Subject to subsection (4), the person must, as soon as practicable after forming the opinion mentioned in paragraph (1)(a):

(a) tell the RSA provider about the matter in writing; and

(b) if the contravention about which the person has formed the opinion mentioned in paragraph (1)(a) is of such a nature that it may affect the interests of holders of RSAs - tell the Regulator about the matter in writing.