Retirement Savings Accounts Act 1997

S 73 repealed by No 123 of 2001, s 3 and Sch 1 item 270, effective 11 March 2002. S 73 formerly read:

MISLEADING CONDUCT BY RSA PROVIDERS - CIVIL LIABILITY  
73(1)
This section applies if an RSA provider is dealing with:

(a) a holder of an RSA as such a holder; or

(b) an employer, or an associate of an employer, who makes an application, on behalf of an employee of the employer, for the employee to become the holder of an RSA, as such an employer.

73(2)
When so dealing with the holder of the RSA, the employer or the associate, the RSA provider must not engage in conduct that is:

(a) misleading; or

(b) likely to mislead.

73(3)
A contravention of subsection (2) is not an offence, but it may give rise to civil liability under section 74 .