Retirement Savings Accounts Amendment Regulations 2009 (No. 1) (14 of 2009)

Schedule 2   Amendments commencing on 1 April 2009

[2]   After regulation 4.01A

insert

4.01B Conditions of release for temporary residents

(1) This regulation applies to an RSA holder who is or was a temporary resident.

(2) This regulation does not apply to an RSA holder who:

(a) is an Australian citizen, a New Zealand citizen or a permanent resident; or

(b) is, at any time, the holder of a Subclass 405 (Investor Retirement) visa or a Subclass 410 (Retirement) visa described in Schedule 2 to the Migration Regulations 1994.

(3) The only conditions of release that can be satisfied in respect of an RSA holder to whom this regulation applies are:

(a) a condition of release that was satisfied by the RSA holder before 1 April 2009; and

(b) the conditions of release in items 102, 102A, 103, 104, 104A, 108 and 112 of Schedule 2.