Corporations Amendment Regulations 2003 (No. 8) (282 of 2003)
Schedule 1 Amendments commencing on gazettal
[13] After regulation 7.9.08B
insert in Division 3
7.9.08C Money held in trust for a superannuation product or RSA product
For subsection 1017E (2C) of the Act, if money is paid to a product provider for a financial product that is a superannuation product or an RSA product, as defined in section 761A of the Act:
(a) subsection 1017E (2A) of the Act does not apply in relation to the money; and
(b) the money is taken to be held in trust by the product provider for the benefit of the person who is entitled to the money.
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