Retirement Savings Accounts Amendment Regulations 2002 (No. 1)

(20 of 2002)

21 February 2002

Made under Retirement Savings Accounts Act 1997

1   Name of Regulations

These Regulations are theRetirement Savings Accounts Amendment Regulations 2002 (No. 1).

2   Commencement

These Regulations commence on the commencement of item 1 of Schedule 1 to theFinancial Services Reform Act 2001.

3   Amendment of Retirement Savings Accounts Regulations 1997

Schedule 1 amends theRetirement Savings Accounts Regulations 1997.

Schedule 1   Amendment

[1]   Regulation 1.03, definition of reporting period

substitute

reporting period means a reporting period determined in accordance with the matters mentioned in subsection 1017D (2) of theCorporations Act 2001.

[2]   Division 2.1

omit

[3]   Regulations 2.06, 2.07 and 2.08

omit

[4]   Regulation 2.09

substitute

2.09 Prescribed information - paragraph 52 (2) (a) of the Act

For paragraph 52 (2) (a) of the Act, the information in the Product Disclosure Statement mentioned in subsection 1012I (2) of theCorporations Act 2001 is prescribed.

[5]   Regulation 2.10

omit

[6]   Divisions 2.3, 2.4, 2.5, 2.6, 2.7 and 2.8

omit

[7]   Regulation 3.07, definition of RSA holder reporting period

substitute

RSA holder reporting period means a reporting period determined in accordance with the matters mentioned in subsection 1017D (2) of the Corporations Act 2001.

[8]   Paragraph 3.09 (b)

omit

(in accordance with regulation 2.18)

insert

(in accordance with subsections 1017D (13) to (16) of the Corporations Act 2001 (as inserted by item 8.1 of Schedule 10A to the Corporations Regulations 2001) and regulation 7.9.27 of the Corporations Regulations 2001)

[9]   Regulation 4.32

after

the Act

insert

, the Corporations Act 2001, the Corporations Regulations 2001

[10]   Regulation 4.33

after

the Act

insert

, the Corporations Act 2001, the Corporations Regulations 2001

[11]   Regulation 6.12

omit

2.07,