Retirement Savings Accounts Regulations 1997

PART 6 - MISCELLANEOUS  

Division 6.4 - Other matters  

REGULATION 6.16A   CONDITIONAL OFFER OF GOODS OR SERVICES - EXEMPTIONS  

6.16A(1)   [Prescribed goods and services]  

For subsections 78(1) and (2) of the Act, the following kinds of goods and services are prescribed:

(a) the supply of a business loan to a person by an RSA provider, or an associate of an RSA provider, that is supplied:

(i) on condition that the person holds an RSA; and

(ii) on a commercial arm's length basis;

(b) a service that is supplied by an RSA provider, or an associate of an RSA provider, to a person for the forwarding of superannuation contributions and information:

(i) to other RSAs or superannuation funds; and

(ii) on behalf of the person; and

(iii) in relation to employees of the person who have chosen those RSAs or funds;

(c) advice or an administration service that relates to the payment of superannuation contributions to an RSA provider, that is supplied by an RSA provider, or an associate of an RSA provider, of the fund to:

(i) a person; or

(ii) the employees of the person;

(d) the supply, or the offer to supply, goods or services to a person by an RSA provider, or an associate of an RSA provider, if:

(i) the supply or offer is available to the employees of the person who holds an RSA with the RSA provider; and

(ii) the terms of the supply or offer to each employee are no less advantageous than the terms supplied or offered to the person.

6.16A(2)   [Third parties]  

Paragraph (1)(a) does not apply to the supply of a business loan that is supplied on the condition that a person other than the person receiving the loan holds an RSA.