Retirement Savings Accounts Amendment Regulations 2009 (No. 3)

(105 of 2009)

Dated 4 June 2009

Retirement Savings Accounts Act 1997

1   Name of Regulations

These Regulations are theRetirement Savings Accounts Amendment Regulations 2009 (No. 3).

2   Commencement

These Regulations commence on the day after they are registered.

3   Amendment of Retirement Savings Accounts Regulations 1997

Schedule 1 amends theRetirement Savings Accounts Regulations 1997.

Schedule 1   Amendments

[1]   Paragraph 1.07 (3D) (a)

omit

(including under a payment split)

insert

(including under a payment split, but excluding amounts rolled over)

[2]   After subregulation 1.07 (4)

insert

(5) In this regulation:

rolled over means paid as a superannuation lump sum within the superannuation system.

[3]   Paragraph 1.08 (2) (ba)

after

amount of payments

insert

(excluding amounts rolled over)

[4]   After subregulation 1.08 (3)

insert

(4) In this regulation:

rolled over means paid as a superannuation lump sum within the superannuation system.

[5]   Paragraph 1.08A (1) (c)

after

amount of payments

insert

(excluding amounts rolled over)

[6]   After subregulation 1.08A (2)

insert

(3) In this regulation:

rolled over means paid as a superannuation lump sum within the superannuation system.

[7]   Schedule 1, clause 3A

omit

For the financial year commencing on 1 July 2008,

insert

For the financial years commencing on 1 July 2008 and 1 July 2009,

[8]   Schedule 1A, clause 3A

omit

For the financial year commencing on 1 July 2008,

insert

For the financial years commencing on 1 July 2008 and 1 July 2009,

[9]   Schedule 4, clause 10

omit

For the financial year commencing on 1 July 2008,

insert

For the financial years commencing on 1 July 2008 and 1 July 2009,

[10]   Schedule 5, clause 3A

omit

For the financial year commencing on 1 July 2008,

insert

For the financial years commencing on 1 July 2008 and 1 July 2009,