Treasury Laws Amendment (Work Test Exemption) Regulations 2018 (F2018L01682)

Schedule 1   Amendments

Retirement Savings Accounts Regulations 1997

1   Subregulation 5.03(1) (at the end of the cell at table item 2, column headed "the RSA institution may accept ...")

Add:

; or (d) if the RSA holder has not been gainfully employed, either on a full-time or a part-time basis, during the financial year in which the contributions are made, but all of the requirements mentioned in subregulation (1A) are satisfied for the RSA holder:

(i) employer contributions (except mandated employer contributions); or

(ii) RSA holder contributions