Superannuation Legislation Amendment (Broadening Contribution Rules) Regulations 2022 (F2022L01286)

Schedule 1   Amendments

Retirement Savings Accounts Regulations 1997

1   Subregulation 5.03(1) (table)

Repeal the table, substitute:

Acceptance of contributions

   

Item

If an R SA holder:

then the RSA institution may accept contributions made in respect of the RSA holder that are:

1

is less than 55 years

(a) employer contributions; or

(b) RSA holder contributions.

2

is between 55 and 74 years

(a) employer contributions; or

(b) RSA holder contributions.

3

is 75 years or older

(a) mandated employer contributions; or

(b) downsizer contributions.

Note: For table item 2, RSA holder contributions include downsizer contributions.