Retirement Savings Accounts Amendment Regulations 2009 (No. 3) (Cth)

Retirement Savings Accounts Amendment Regulations 2009 (No. 3)¹

Select Legislative Instrument 2009 No. 105

I, QUENTIN BRYCE, 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 4 June 2009

QUENTIN BRYCE

Governor-General

By Her Excellency’s Command

NICK SHERRY

Minister for Superannuation and Corporate Law

Name of Regulations

These Regulations are the Retirement Savings Accounts Amendment Regulations 2009 (No. 3).

Commencement

These Regulations commence on the day after they are registered.

Amendment of Retirement Savings Accounts Regulations 1997

Schedule 1 amends the Retirement Savings Accounts Regulations 1997.

Schedule 1 Amendments

(regulation 3)

[1] Paragraph 1.07 (3D) (a)

omit

(including under a payment split)

insert

(including under a payment split, but excluding amounts rolled over)

[2] After subregulation 1.07 (4)

insert

(5)In this regulation:

rolled over means paid as a superannuation lump sum within the superannuation system.

[3] Paragraph 1.08 (2) (ba)

after

amount of payments

insert

(excluding amounts rolled over)

[4] After subregulation 1.08 (3)

insert

(4)In this regulation:

rolled over means paid as a superannuation lump sum within the superannuation system.

[5] Paragraph 1.08A (1) (c)

after

amount of payments

insert

(excluding amounts rolled over)

[6] After subregulation 1.08A (2)

insert

(3)In this regulation:

rolled over means paid as a superannuation lump sum within the superannuation system.

[7] Schedule 1, clause 3A

omit

For the financial year commencing on 1 July 2008,

insert

For the financial years commencing on 1 July 2008 and 1 July 2009,

[8] Schedule 1A, clause 3A

omit

For the financial year commencing on 1 July 2008,

insert

For the financial years commencing on 1 July 2008 and 1 July 2009,

[9] Schedule 4, clause 10

omit

For the financial year commencing on 1 July 2008,

insert

For the financial years commencing on 1 July 2008 and 1 July 2009,

[10] Schedule 5, clause 3A

omit

For the financial year commencing on 1 July 2008,

insert

For the financial years commencing on 1 July 2008 and 1 July 2009,

Note

All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See