Retirement Savings Accounts Amendment Regulations 2003 (No. 1)1
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 20 March 2003
PETER HOLLINGWORTH
Governor-General
By His Excellency’s Command
HELEN COONAN
1 Name of Regulations
These Regulations are the Retirement Savings Accounts Amendment Regulations 2003 (No. 1).
2 Commencement
These Regulations commence on gazettal.
3 Amendment of Retirement Savings Accounts Regulations 1997
Schedule 1 amends the Retirement Savings Accounts Regulations 1997.
Schedule 1 Amendments
(regulation 3)
[1] Subregulation 4.01 (2), definition of eligible temporary resident visa
substitute
eligible temporary resident visa means a visa:
(a) of one of the subclasses mentioned in Schedule 3, within the meaning of Part 2 of Schedule 1 to the Migration Regulations 1994; and
(b) that is held by a person who is not a New Zealand citizen.
Note Some of the subclasses of visa mentioned in Schedule 3 no longer exist. However, the subclasses remain relevant for regulation 4.23A.
[2] Subregulation 4.23A (3)
omit
If the RSA holder’s withdrawal benefit in the RSA is at least $5 000, the RSA provider
insert
The RSA provider
[3] After subregulation 4.23A (3)
insert
(3A) For subregulation (3), the statement may be in electronic form.
[4] Schedule 2, item 104, column 2
omit
regulation 4.23,
insert
regulation 4.23A,
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; 2002 Nos. 20, 47, 90, 149, 200 and 352.
2. Notified in the Commonwealth of Australia Gazette on 27 March 2003.