Retirement Savings Accounts Amendment Regulation 2012 (No. 3)

Link to law: https://www.comlaw.gov.au/Details/F2012L02403

Retirement Savings Accounts Amendment Regulation 2012 (No. 3)1
Select Legislative Instrument 2012 No. 315
I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation under the Retirement Savings Accounts Act 1997.
Dated 6 December 2012
QUENTIN BRYCE
Governor-General
By Her Excellency’s Command
WAYNE SWAN
Treasurer
1              Name of regulation
                This regulation is the Retirement Savings Accounts Amendment Regulation 2012 (No. 3).
2              Commencement
                This regulation commences on the day after it is registered.
3              Amendment of Retirement Savings Accounts Regulations 1997
                Schedule 1 amends the Retirement Savings Accounts Regulations 1997.
Schedule 1        Amendment
(section 3)
 
[1]           Paragraph 1.06 (1) (a)
substitute
                (a)    the RSA holder is uncontactable, that is, if and only if:
                          (i)    either:
                                   (A)     the RSA provider has never had an address for the RSA holder; or
                                   (B)     2 written communications have been sent, or, if the RSA provider so chooses, one written communication has been sent, by the RSA provider to the RSA holder’s last known address and returned unclaimed; and
                         (ii)    the RSA provider has not received a contribution or rollover in respect of the RSA holder within the last 12 months of the RSA holder’s being an RSA holder; or
Note
1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.comlaw.gov.au.
 
Read Entire Law on www.comlaw.gov.au