Retirement Savings Accounts Regulations 1997

Part 2A repealed by SR No 147 of 2004, reg 3 and Sch 2 item 2, effective 1 September 2004.

Part 2A inserted by SR No 149 of 2002, reg 3 and Sch 1 item 2, effective 1 July 2002.

Div 2A.2 repealed by SR No 147 of 2004, reg 3 and Sch 2 item 2, effective 1 September 2004.

Div 2A.2 inserted by SR No 149 of 2002, reg 3 and Sch 1 item 2, effective 1 July 2002.

Reg 2A.03 repealed by SR No 147 of 2004, reg 3 and Sch 2 item 2, effective 1 September 2004. Reg 2A.03 formerly read:

DECISIONS ABOUT ACCOUNTS  
2A.03(1)
If a child account is issued in respect of a child, decisions in relation to the account must be made by:

(a) the legal personal representative of the child; or

(b) if the child does not have a legal personal representative, a parent of the child or the child's guardian;

until the child turns 18.

2A.03(2)
However, a child may make decisions in relation to the account if:

(a) the child is at least 16 years old; and

(b) the fund has been notified that the child will be making decisions in relation to the account by:

(i) the child's legal personal representative; or

(ii) if the child does not have a legal personal representative, a parent of the child or the child's guardian.

Reg 2A.03 inserted by SR No 149 of 2002, reg 3 and Sch 1 item 2, effective 1 July 2002.