Retirement Savings Accounts Regulations 1997

Div 2 repealed by FRLI No F2021L01841, reg 4 and Sch 1 item 13, effective 18 December 2021.

Reg 2.10 omitted by SR No 20 of 2002, reg 3 and Sch 1 item 4, effective 11 March 2002. Reg 2.10 formerly read:

INFORMATION TO BE GIVEN TO EMPLOYEES  
2.10(1)
For the purposes of section 55 of the Act, the following information is prescribed in circumstances other than the circumstances in subregulation (2):

(a) a statement that the RSA has been opened by the employer; and

(b) a summary of the provisions of Division 7 of Part 5 of the Act relating to the cooling off period.

2.10(2)
Subregulation (1) does not apply if:

(a) the RSA was opened by the employer under subsection 52(5) of the Act; or

(b) the holder of an RSA closes the RSA before the time at which the RSA institution would be required to give the RSA holder the information prescribed by subregulation (1).