Corporations Regulations 2001
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Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
Modifying legislative instruments: The application of Pt 7.9 is affected by the ASIC Corporations (Disclosure of Fees and Costs) Instrument 2019/1070.
For other legislative instruments or class orders before 1 January 2022 that affect the application of Pt 7.9, please consult the legislative instruments or class orders directly. These are reproduced in the regulatory-resources section of the company-law practice area in CCH iKnowConnect.
For subparagraphs 1017DA(1)(a)(ii) and (iii) , and paragraph 1017DA(1)(b) , of the Act, an RSA provider that is a product issuer must give to a non-member spouse in relation to an RSA issued under a payment split a statement providing the following information: (a) the contact details for the product issuer; (b) if the payment split is a base amount payment split:
(i) the base amount allocated to the non-member spouse under the relevant superannuation agreement, flag lifting agreement or splitting order; and
(c) if the payment split is a percentage payment split, the percentage that is to apply to all splittable payments in respect of the interest; (d) the circumstances in which the entitlement of the non-member spouse will become payable; (e) the options available under Part 4A of the RSA Regulations in relation to the non-member spouse's entitlement in respect of the interest;
(ii) the method by which the base amount will be adjusted on an ongoing basis;
(f) (Omitted) (g) information about the dispute resolution system that covers complaints by holders of the product and about how that system may be accessed; (h) details of any amounts payable by the non-member spouse in respect of the payment split, and arrangements for the payment of any such amounts.
7.9.89(2)
For paragraph 1017DA(2)(b) of the Act, the statement mentioned in subregulation (1) is to be provided by a regulated person when the regulated person gives a payment split notice to the non-member spouse.
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