Reg 2.28 omitted by SR No 20 of 2002, reg 3 and Sch 1 item 4, effective 11 March 2002. Reg 2.28 formerly read:
SPECIFIC REQUIREMENTS
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CHANGES IN TERMS AND CONDITIONS
2.28(1)
If the terms and conditions of an RSA are changed or, because of any other act carried out, or consented to, by the RSA provider, a change occurs in relation to an RSA and the change is of a kind stated in subregulation (2) (other than a change that gives effect to a payment split), the RSA provider must give information concerning the change to the holder of the RSA.
History
Reg 2.28(1) amended by SR No 47 of 2002, reg 3 and Sch 1 item 8, by substituting ``subregulation (2) (other than a change that gives effect to a payment split)
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for ``subregulation (2)
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, effective 7 March 2002.
2.28(2)
The kinds of changes are those that:
(a)
have an adverse effect on the amount of the RSA; or
(b)
have an adverse effect on the benefits to which the RSA holder may be entitled; or
(c)
have an adverse effect on the circumstances in which those benefits would be payable.
2.28(3)
If the amount of an RSA is transferred (otherwise than under a payment split) to another RSA offered by an RSA institution or to a superannuation entity, or an EPSSS, the RSA provider must give to the RSA holder information concerning the transfer.
History
Reg 2.28(3) amended by SR No 47 of 2002, reg 3 and Sch 1 item 9, by inserting ``(otherwise than under a payment split)
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after ``transferred'', effective 7 March 2002.
Reg 2.28(3) amended by SR No 13 of 1999.
2.28(4)
The RSA provider need not give information under this regulation in relation to an increase in a fee or charge, or a decrease in interest rates, if the RSA provider has notified the RSA holder of that increase or decrease, as the case may be, under subregulation
2.23(1)
.
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