Retirement Savings Accounts Regulations 1997

PART 5 - CONTRIBUTION STANDARDS  

Division 5.2 - Data and payment matters relating to RSAs  

REGULATION 5.08   RSA PROVIDER MUST ELECTRONICALLY RECEIVE CONTRIBUTIONS AND INFORMATION  

5.08(1)    
This regulation applies on and after 1 July 2014 to an RSA provider if:

(a) either or both of the following is sent to the RSA provider by an employer:

(i) a contribution and the information mentioned in subregulation 5.07(2) ;

(ii) any other information relating to a contribution; and

(b) the information is sent to the RSA provider on or after 1 July 2014; and

(c) the information is, or the information and contribution are, sent to the RSA provider in accordance with any applicable Standards made under subsection 45B(3) of the Act.

5.08(2)    
The RSA provider must be able to receive the information, or the information and contribution, electronically.

Note:

Standards made under subsection 45B(3) of the Act may set out additional requirements for how the information and contribution are to be received by the RSA provider.