Reg 6.05 repealed by FRLI No F2021L00412, reg 4 and Sch 1 item 19, effective 2 April 2021. Reg 6.05 formerly read:
REGULATION 6.05 CIRCUMSTANCES IN WHICH A PERSON MAY BECOME RSA HOLDER
6.05
For the purposes of subsection 51(1) of the Act, a person who was the holder of an RSA with an RSA provider is taken to have applied in prescribed circumstances for an RSA with an RSA institution if he or she becomes the holder of the RSA with the RSA institution, and does so as a direct result of:
(a)
the takeover of the RSA provider with which the person previously held an RSA, by:
(i)
the RSA institution; or
(ii)
a corporation that is a related corporation of the RSA institution within the meaning of the Corporations Law; or
(b)
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
(c)
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:
(i)
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
(ii)
under a voluntary transfer of engagements; or
(iii)
on request of a regulatory agency prescribed under regulation 6.12.
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