Retirement Savings Accounts Amendment Regulations 2002 (No. 1) (Cth)

Retirement Savings Accounts Amendment Regulations 2002 (No. 1)1

Statutory Rules 2002 No. 202

I, PETER JOHN HOLLINGWORTH, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Retirement Savings Accounts Act 1997.

Dated 14 February 2002

PETER HOLLINGWORTH

Governor-General

By His Excellency’s Command

IAN CAMPBELL

Parliamentary Secretary to the Treasurer

1Name of Regulations

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

2Commencement

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

3Amendment of Retirement Savings Accounts Regulations 1997

Schedule 1 amends the Retirement Savings Accounts Regulations 1997.

Schedule 1Amendments

(regulation 3)

  

[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 the Corporations Act 2001.

[2]Division 2.1

omit

[3]Regulations 2.06, 2.07 and 2.08

omit

[4]Regulation 2.09

substitute

2.09Prescribed 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 the Corporations 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,

Notes

1. These Regulations amend Statutory Rules 1997 No. 116, as amended by 1997 Nos. 150, 151, 242, 294, 308 and 342; 1998 Nos. 82, 176, 178 and 192; 1999 Nos. 13 and 315; 2000 No. 279.

2. Notified in the Commonwealth of Australia Gazette