Any person may open an RSA. In addition if certain conditions are satisfied, employers may open an account in the name of an employee. An application to open an RSA can be obtained from an RSA provider.
Generally, if an employer opens an RSA on your behalf a 14 day cooling off period applies. During that period, if you choose you may transfer the balance of your account to another superannuation product without a reduction for fees and charges.
Subscribe
