Retirement Savings Accounts Amendment Regulations 2007 (No. 1) (104 of 2007)
Schedule 1 Amendments commencing on day after registration
[11] After subregulation 5.03 (4A)
insert
(4B) An RSA institution may accept contributions that are made by an RSA holder in respect of the RSA holder:
(a) in accordance with an item in the following table; and
(b) during the period specified in the item.
|
Item |
If the RSA holder … |
the RSA institution may accept contributions that are made by the RSA holder in respect of the RSA holder if … |
|
1 |
was 64 at any time between 10 May 2006 and 5 September 2006 (inclusive) |
the contributions are made in the period 10 May 2006 to 30 June 2007 (inclusive), whether or not the RSA holder has been gainfully employed on at least a part-time basis |
|
2 |
was 74 at any time between 10 May 2006 and 5 September 2006 (inclusive) |
(a) the contributions are made in the period 10 May 2006 to 30 June 2007 (inclusive); and (b) the RSA holder was gainfully employed on at least a part-time basis in either the 2005–06 or 2006–07 financial year |