RSA Modification Declaration 2007/2

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COMMONWEALTH OF AUSTRALIA

Retirement Savings Accounts Act 1997

I, Wayne Byres, a delegate of APRA, under section 177 of the Retirement Savings Account Act 1997 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901, VARY Retirement Savings Account modification declaration No. 1 of 2007 dated 19 November 2007 in the manner set out in the Schedule.

Retirement Savings Account Act modification declaration No. 2 of 2007

The declaration comes into force upon registration on the Federal Register of Legislative Instruments.

Interpretation

In this Instrument

APRA means the Australian Prudential Regulation Authority.

Federal Register of Legislative Instruments means the register established under section 20 of the Legislative Instruments Act 2003.

Regulations means the Retirement Savings Account Regulations 1997.

Schedule - the class of persons to whom this declaration applies

RSA providers

Schedule

Retirement Savings Account modification declaration No.1 of 2007 is varied:

(i)

in the Schedule - the class of persons to whom this declaration applies, by omitting the words "RSA providers" and replacing them with the words "RSA institutions"; and

(ii)

in the Schedule - the manner in which the specified modifiable provision is modified, by omitting the words "a member" and replacing them with the words "an RSA holder" and by omitting the words "the member" and replacing them with the words "the RSA holder".

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4 December 2007

Wayne Byres
Executive General Manager
Diversified Institutions Division

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Registration Number: F2007L04642

Registration Date: 14 December 2007

Explanatory Memorandum to RSA Modification Declaration 2007/2

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