Div 2.3 omitted by SR No 20 of 2002, reg 3 and Sch 1 item 4, effective 11 March 2002.

Reg 2.15 omitted by SR No 20 of 2002, reg 3 and Sch 1 item 4, effective 11 March 2002. Reg 2.15 formerly read:

INFORMATION TO BE GIVEN WHERE APPLICABLE  
2.15(1)
Subject to subregulation (2), an RSA provider must give to an RSA holder details of the following matters in respect of the RSA holder so far as they are applicable:

(a) the amount of the RSA holder's contributions during the reporting period;

(b) the amount of employer contributions during the reporting period;

(c) the amount of benefits rolled-over or transferred into the RSA during the reporting period;

(d) the amount of withdrawals during the reporting period;

(e) the amounts of fees, charges and other expenses deducted from the RSA during the reporting period;

(f) the amount of interest credited to the RSA during the reporting period;

(g) the actual or notional rate of net interest applied to the RSA during the reporting period;

(h) a statement of:

(i) the annual actual or notional rate of net interest applied to the RSA for each year of the previous 5 years ending at the end of the reporting period; and

(ii) the compound average of the annual actual or notional rate of net interest applied to the RSA for each year of the previous 5 years ending at the end of the reporting period;

(i) the effect of the RSA holder-protection standards;

(j) the amount of bonuses that have accrued at the end of the reporting period;

(k) if an insurance policy is held by the RSA provider - the amount of the sum assured;

(l) the circumstances when benefits may be paid to an eligible rollover fund, the effect of that payment and the contact details of the eligible rollover fund;

(m) the amount payable in the event of the RSA holder's death:

(i) at the end of the reporting period; or

(ii) on the first day of the next reporting period;

or the method by which that amount is worked out;

(n) the amount, or method of working out, of other benefits including, in particular, disability benefits;

(o) if the RSA provider reduced the RSA holder's benefits in connection with payment of a superannuation contributions surcharge or an advance instalment of surcharge:

(i) the amount deducted; and

(ii) if there is a difference between the amount deducted and the amount assessed under subsection 15(1) of the Superannuation Contributions Tax (Assessment and Collection) Act 1997 or between the amount deducted and the amount determined under subsection 15(2) of that Act - a statement explaining the difference.

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History

Reg 2.15(1) amended by SR No 308 of 1997.

2.15(2)
A nil amount need not be disclosed.

2.15(3)
If, at the end of a reporting period, an RSA has not been in existence for 5 years, the references in paragraph (1)(h) to 5 years are taken to be references to the whole period of existence of the RSA.