S 53 repealed by No 123 of 2001, s 3 and Sch 1 item 269, effective 11 March 2002. S 53 formerly read:
INFORMATION TO BE GIVEN TO A PERSON BEFORE BECOMING AN RSA HOLDER
53(1)
Subject to subsections (2), (3) and (4), an RSA institution must not, intentionally or recklessly, allow a person to become the holder of an RSA unless the RSA institution is satisfied, on reasonable grounds, that the person has received documents issued, or authorised to be issued, by the RSA institution that:
(a)
contain all the information that the regulations referred to in section
56
require to be given to the person; and
(b)
comply with the formal requirements specified in those regulations.
Penalty: 100 penalty units.
Note:
Chapter
2
of the
Criminal Code
sets out the general principles of criminal responsibility.
History
S 53(1) amended by No 31 of 2001, s 3 and Sch 1 item 112, by inserting the note at the end, effective 15 December 2001.
53(2)
Despite subsection (1), the RSA institution does not have to be satisfied that the person has received information that relates to an event or change of circumstances that happened after the RSA institution received the application to become an RSA holder.
53(3)
Subsection (1) does not apply if the application is made by an employer on behalf of an employee and the RSA provider is satisfied, on reasonable grounds, that section
52
has been complied with.
53(4)
Subsection (1) does not apply if the RSA is provided in circumstances specified in the regulations.
View history note
Hide history note