Retirement Savings Accounts Amendment Regulation 2012 (No. 3)

(315 of 2012)

Dated 6 December 2012

Retirement Savings Accounts Act 1997

1   Name of regulation

This regulation is theRetirement Savings Accounts Amendment Regulation 2012 (No. 3).

2   Commencement

This regulation commences on the day after it is registered.

3   Amendment of Retirement Savings Accounts Regulations 1997

Schedule 1 amends theRetirement Savings Accounts Regulations 1997.

Schedule 1   Amendment

[1]   Paragraph 1.06 (1) (a)

substitute

(a) the RSA holder is uncontactable, that is, if and only if:

(i) either:

(A) the RSA provider has never had an address for the RSA holder; or

(B) 2 written communications have been sent, or, if the RSA provider so chooses, one written communication has been sent, by the RSA provider to the RSA holder's last known address and returned unclaimed; and

(ii) the RSA provider has not received a contribution or rollover in respect of the RSA holder within the last 12 months of the RSA holder's being an RSA holder; or