Retirement Savings Accounts Amendment Regulations 2006 (No. 1) (188 of 2006)

Schedule 1   Amendments

[8]   Subregulation 4A.11 (4)

substitute

(4) If the RSA provider does not take an action under subregulation (1), the RSA provider must give to the non-member spouse a written notice:

(a) confirming that the non-member spouse has an RSA; and

(b) informing the non-member spouse of the relevant cooling-off arrangements.

(5) The RSA provider must take an action under subregulation (1) or (4) within 6 months after the later of:

(a) the operative time; and

(b) the time when the RSA provider creates the non-member spouse interest.