Reg 2.07 omitted by SR No 20 of 2002, reg 3 and Sch 1 item 2, effective 11 March 2002. Reg 2.07 formerly read:
WHEN INFORMATION NEED NOT BE GIVEN TO RSA HOLDERS
2.07
For the purposes of subsection 53(4) of the Act, there is specified the circumstance that:
(a)
an employer gives written notice to the RSA institution that the employer has complied with section
52
of the Act; or
(b)
a person becomes the holder of an RSA with the RSA institution, and does so as a direct result of:
(i)
the takeover of the RSA provider with which the person previously held an RSA by:
(A)
the RSA institution; or
(B)
a corporation that is a related corporation of the RSA institution within the meaning of the Corporations Law; or
(ii)
a merger involving the RSA provider with which the person previously held an RSA and which results in the creation of the RSA institution; or
(iii)
the transfer of any, or all of, the assets and liabilities of the RSA provider with which the person previously held an RSA to the RSA institution:
(A)
under a provision of the
Banking Act 1959
, the
Life Insurance Act 1995
or of any other law of the Commonwealth, a State or a Territory; or
(B)
under a voluntary transfer of engagements; or
(C)
on request of a regulatory agency prescribed under regulation 6.12.
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