Retirement Savings Accounts Amendment Regulations 2011 (No. 2)

Link to law: https://www.comlaw.gov.au/Details/F2011L01608

Retirement Savings Accounts Amendment Regulations 2011 (No. 2)1
Select Legislative Instrument 2011 No. 148
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 August 2011
QUENTIN BRYCE
Governor-General
By Her Excellency’s Command
BILL SHORTEN
Minister for Financial Services and Superannuation
1              Name of Regulations
                These Regulations are the Retirement Savings Accounts Amendment Regulations 2011 (No. 2).
2              Commencement
                These Regulations commence on the day after they are registered.
3              Amendment of Retirement Savings Accounts Regulations 1997
                Schedule 1 amends the Retirement Savings Accounts Regulations 1997.
Schedule 1        Amendments
(regulation 3)
 
[1]           Regulation 3.05
omit
An RSA
insert
         (1)   An RSA
[2]           Regulation 3.05
insert
         (2)   Subregulation (1) does not apply if, under a law of the Commonwealth, a State or a Territory mentioned in the table, a court makes a forfeiture order (however called) forfeiting part or all of the benefits of the RSA holder to the Commonwealth, a State or a Territory.
Item
Law
Provision(s)

Commonwealth
 

1.1
Proceeds of Crime Act 2002
Section 47
Section 48
Section 49
Section 92

New South Wales
 

2.1
Confiscation of Proceeds of Crime Act 1989
Subsection 18 (1)

2.2
Criminal Assets Recovery Act 1990
Section 22

Victoria

3.1
Confiscation Act 1997
Division 1 of Part 3
Section 35
Part 4
Subsection 157 (6)

Queensland

4.1
Criminal Proceeds Confiscation Act 2002
Section 58
Section 58A
Section 151
Part 5 of Chapter 3

Western Australia

5.1
Criminal Property Confiscation Act 2000
Section 30, to the extent that it applies to confiscation under section 6 in satisfaction of a person’s liability under section 20
Section 30, to the extent that it applies to confiscation under section 7

South Australia

6.1
Criminal Assets Confiscation Act 2005
Section 47

Tasmania

7.1
Crime (Confiscation of Profits) Act 1993
Section 16

Australian Capital Territory

8.1
Confiscation of Criminal Assets Act 2003
Section 54
Section 58
Section 62
Section 67

Northern Territory

9.1
Criminal Property Forfeiture Act 2002
Section 75
Section 76
Section 80
Section 96
Section 97
Section 99

[3]           After subregulation 4.20 (1)
insert
      (1A)   Subregulation (1) does not apply if, under a law of the Commonwealth, a State or a Territory mentioned in the table, a court makes a forfeiture order (however called) forfeiting part or all of the benefits of the RSA holder to the Commonwealth, a State or a Territory.
Item
Law
Provision(s)

Commonwealth
 

1.1
Proceeds of Crime Act 2002
Section 47
Section 48
Section 49
Section 92

New South Wales
 

2.1
Confiscation of Proceeds of Crime Act 1989
Subsection 18 (1)

2.2
Criminal Assets Recovery Act 1990
Section 22

Victoria

3.1
Confiscation Act 1997
Division 1 of Part 3
Section 35
Part 4
Subsection 157 (6)

Queensland

4.1
Criminal Proceeds Confiscation Act 2002
Section 58
Section 58A
Section 151
Part 5 of Chapter 3

Western Australia

5.1
Criminal Property Confiscation Act 2000
Section 30, to the extent that it applies to confiscation under section 6 in satisfaction of a person’s liability under section 20
Section 30, to the extent that it applies to confiscation under section 7

South Australia

6.1
Criminal Assets Confiscation Act 2005
Section 47

Tasmania

7.1
Crime (Confiscation of Profits) Act 1993
Section 16

Australian Capital Territory

8.1
Confiscation of Criminal Assets Act 2003
Section 54
Section 58
Section 62
Section 67

Northern Territory

9.1
Criminal Property Forfeiture Act 2002
Section 75
Section 76
Section 80
Section 96
Section 97
Section 99

[4]           Subregulation 4.26 (1)
after
Subject to
insert
subregulation (1A) and
[5]           After subregulation 4.26 (1)
insert
      (1A)   Subregulation (1) does not apply if, under a law of the Commonwealth, a State or a Territory mentioned in the table, a court makes a forfeiture order (however called) forfeiting part or all of the benefits of the RSA holder to the Commonwealth, a State or a Territory.
Item
Law
Provision(s)

Commonwealth
 

1.1
Proceeds of Crime Act 2002
Section 47
Section 48
Section 49
Section 92

New South Wales
 

2.1
Confiscation of Proceeds of Crime Act 1989
Subsection 18 (1)

2.2
Criminal Assets Recovery Act 1990
Section 22

Victoria

3.1
Confiscation Act 1997
Division 1 of Part 3
Section 35
Part 4
Subsection 157 (6)

Queensland

4.1
Criminal Proceeds Confiscation Act 2002
Section 58
Section 58A
Section 151
Part 5 of Chapter 3

Western Australia

5.1
Criminal Property Confiscation Act 2000
Section 30, to the extent that it applies to confiscation under section 6 in satisfaction of a person’s liability under section 20
Section 30, to the extent that it applies to confiscation under section 7

South Australia

6.1
Criminal Assets Confiscation Act 2005
Section 47

Tasmania

7.1
Crime (Confiscation of Profits) Act 1993
Section 16

Australian Capital Territory

8.1
Confiscation of Criminal Assets Act 2003
Section 54
Section 58
Section 62
Section 67

Northern Territory

9.1
Criminal Property Forfeiture Act 2002
Section 75
Section 76
Section 80
Section 96
Section 97
Section 99

Note
1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au.
 
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