Retirement Savings Accounts Act 1997
PART 3
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APPROVAL OF RSA INSTITUTIONS
SECTION 22
OBJECT OF PART
22(1)
[Approval as RSA institutions]
The object of this Part is to provide for constitutional corporations that can be relied on to conduct RSAs in accordance with this Act and the regulations to be approved as RSA institutions for the purposes of this Act and to provide for the variation, suspension and revocation of those approvals.
22(2) [Significance of approval]The significance of the approval of RSA institutions is that only RSA institutions can offer RSAs.
Note:
In certain circumstances, an entity may cease to be approved as an RSA institution. Many provisions of this Act may continue to apply to that entity.
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