Commonwealth Consolidated Acts Commonwealth Consolidated ActsAct No. 61 of 1997 as amended
This compilation was prepared on 4 September 2009
taking into account amendments up to Act No. 75 of 2009
The text of any of those amendments not in force
on that date is appended in the Notes section
The operation of
amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section
Prepared by the Office of Legislative Drafting and
Publishing,
Attorney‑General's Department, Canberra
Contents
Part 1--Preliminary 1
Division 1--Preliminary 1
1............ Short title [see Note 1] ....................................................................... 1
2............ Commencement [see Note 1] .............................................................. 1
3............ General administration of Act ............................................................ 1
4............ Application of Act not to be excluded or modified ............................ 2
5............ Act extends to external Territories ..................................................... 2
6............ Crown to be bound ............................................................................. 2
Division 2--Summary and outline of the Act 4
7............ Brief summary of the Act ................................................................... 4
Part 2--Key concepts and other definitions 5
Division 1--Key concepts 5
8............ Definition of RSA ................................................................................ 5
9............ Meaning of hold and holder ................................................................ 5
10.......... Meaning of provide and provider ....................................................... 5
11.......... Who is an RSA institution? .................................................................. 6
12.......... Who is an RSA provider? .................................................................... 6
13.......... Who is an eligible person? .................................................................. 6
14.......... What capital guaranteed means .......................................................... 6
15.......... RSA benefits ....................................................................................... 6
Division 2--Interpretation 9
16.......... Definitions .......................................................................................... 9
17.......... Approvals, determinations etc. by Regulator ................................... 16
18.......... Associates ......................................................................................... 16
19.......... Definitions of employee and employer .............................................. 16
20.......... Definition of dependant .................................................................... 18
20A....... Interdependency relationship ........................................................... 18
21.......... Persons involved in contravention .................................................... 19
Part 3--Approval of RSA institutions 20
22.......... Object of Part ................................................................................... 20
23.......... Application for approval .................................................................. 20
24.......... Further information may be requested ............................................. 20
25.......... Period within which application for approval is to be decided ........ 21
26.......... Deciding an application for approval ............................................... 21
27.......... When an approval is in force ............................................................ 22
28.......... Application for variation of an approval .......................................... 22
29.......... An application must be decided within a period of time .................. 22
30.......... APRA may vary an approval on its own initiative .......................... 23
31.......... Notifying the RSA institution of the outcome of an application ..... 23
32.......... When a variation of approval comes into force ................................ 24
33.......... Suspension or revocation of approval .............................................. 24
34.......... Consequences of suspension or revocation ...................................... 24
35.......... Notification of breach of conditions ................................................. 26
36.......... Interpretation .................................................................................... 26
Part 4--Operating standards etc. and annual returns for RSAs 27
37.......... Object of Part ................................................................................... 27
38.......... Operating standards for RSAs .......................................................... 27
39.......... Prescribed operating standards must be complied with ................... 28
40.......... Interest off‑set arrangements etc. not permitted .............................. 28
41.......... Certain uses of RSAs prohibited ...................................................... 29
42.......... RSA provider not to breach capital guarantee .................................. 29
43.......... Civil liability where section 42 contravened ..................................... 30
43A....... Rules about cashing benefits after death of RSA holder ................... 30
44.......... RSA provider to give copy of audit report to APRA ...................... 31
Part 5--Duties etc. of RSA providers and employers 32
Division 1--Preliminary 32
46.......... Contravention of Part does not affect validity of a transaction or any other act 32
Division 2--Duties of RSA providers 33
47.......... Duty to establish arrangements for dealing with inquiries or complaints 33
48.......... Duty to keep minutes and records ................................................... 33
49.......... Duty to keep reports ........................................................................ 34
Part 6--Records, audits and auditors 35
63.......... Object of Part ................................................................................... 35
64.......... Records ............................................................................................. 35
65.......... Audit of records ................................................................................ 35
66.......... Obligations of auditors--compliance ............................................... 36
66A....... Auditor may give information to the Regulator ................................ 39
66B....... Self incrimination .............................................................................. 39
67.......... Court power of disqualification ........................................................ 40
67A....... Court power to revoke or vary a disqualification etc. ...................... 41
67B....... Disqualified persons not to be auditor of RSA provider .................. 41
68.......... APRA may refer matters to a professional association ................... 42
Part 7--Prohibited conduct in relation to RSAs 44
74.......... Civil liability where section 78 contravened ..................................... 44
78.......... Improper conduct in the provision of RSAs .................................... 44
79.......... Contravention of Part does not affect validity of transactions etc. .. 45
Part 9--Facility to pay benefits to eligible rollover funds 46
87.......... Object of Part ................................................................................... 46
88.......... Interpretation .................................................................................... 46
89.......... Payment of benefits to eligible rollover fund .................................... 46
90.......... Operating standards for RSA providers--information and records . 47
Part 10--Monitoring and investigating RSA providers 49
Division 1--Objects of Part 49
91.......... Objects of Part .................................................................................. 49
Division 2--Monitoring RSA providers 50
92.......... Information to be given to Regulator ................................................ 50
93.......... Regulator may require production of books ..................................... 50
94.......... Access to premises ........................................................................... 50
Division 3--Investigations by the Regulator 52
95.......... Investigation of RSA provider .......................................................... 52
96.......... Inspectors ......................................................................................... 52
97.......... Delegation by inspector .................................................................... 53
98.......... Regulator may exercise powers of inspector .................................... 53
99.......... Inspector may enter premises for purposes of an investigation ...... 53
100........ Inspector may require production of books ..................................... 54
101........ Powers of inspector to require assistance from, and examine, current and former relevant persons and other persons .......................................................................................................... 54
102........ Application for warrant to seize books not produced ..................... 54
103........ Grant of warrant ............................................................................... 55
104........ Powers if books produced or seized ................................................. 56
105........ Powers if books not produced .......................................................... 58
Division 4--Examinations 59
106........ Application of Division .................................................................... 59
107........ Requirements made of an examinee .................................................. 59
108........ Examination to be in private ............................................................. 59
109........ Examinee's lawyer may attend ......................................................... 60
110........ Record of examination ...................................................................... 60
111........ Giving copies of record to other persons ......................................... 60
112........ Copies given subject to conditions ................................................... 61
113........ Record to accompany report ............................................................ 61
Division 5--Reports 63
114........ Report of inspector .......................................................................... 63
Division 6--Offences 64
115........ Compliance with requirements made under this Act ........................ 64
116........ Concealing books relevant to investigation ....................................... 64
117........ Self‑incrimination .............................................................................. 64
118........ Legal professional privilege .............................................................. 66
119........ Powers of Court where non‑compliance with this Act .................... 67
Division 7--Evidentiary use of certain material 68
120........ Statements made at an examination: proceedings against examinee .. 68
121........ Statements made at an examination: other proceedings .................... 69
122........ Weight of evidence admitted under section 121 ............................... 70
123........ Objection to admission of statements made at examination ............. 71
124........ Copies of, or extracts from, certain books ........................................ 72
125........ Report under Division 5 ................................................................... 72
126........ Exceptions to admissibility of report ............................................... 73
127........ Material otherwise admissible .......................................................... 74
Division 8--Miscellaneous 75
128........ Regulator may cause civil proceeding to be begun ............................ 75
129........ Person complying with requirement not to incur liability to another person 75
129A..... Authorisation of members of staff ................................................... 75
Part 11--Tax file numbers 76
Division 1--Object of Part 76
130........ Object of Part ................................................................................... 76
Division 2--Quotation of holder's tax file number 77
131........ Employee may quote to employer ................................................... 77
132........ Employer may inform RSA provider of tax file number .................. 77
133........ Employer must inform RSA provider of tax file number ................. 77
Division 3--Quotation, use and transfer of holder's tax file number 79
134........ Holder or applicant may quote tax file number ................................ 79
135........ RSA provider may request holder's or applicant's tax file number . 79
136........ RSA provider must request person becoming holder of an RSA to quote tax file number 79
137........ Use of tax file number for certain purposes ..................................... 80
138........ RSA provider must inform other RSA provider or trustee of certain superannuation entities of tax file number for certain purposes ............................................................................... 82
Division 4--Method of quotation of tax file numbers, including deemed quotation 84
139........ Method of quoting tax file number ................................................... 84
140........ Employee taken to have quoted to RSA provider where RSA provider informed by employer 84
140A..... Holder taken to have quoted where Commissioner gives notice ...... 84
141........ Information provided by RSA provider taken to have been provided by holder 85
142........ Person claiming benefit taken to have quoted where he or she provided tax file number in connection with claim .......................................................................................................... 85
143........ Holder or applicant taken to have quoted if he or she quoted for other purposes 86
Division 4A--Incorrect quotation of tax file number 87
143A..... Effect of mistaken quotation of tax file number ............................... 87
143B..... Effect of invalid quotation of tax file number ................................... 87
Division 5--Provision of tax file numbers in forms etc. 89
144........ Forms etc. may require tax file number ............................................ 89
145........ Failure to quote tax file number ........................................................ 89
Division 6--General 90
146........ State insurance .................................................................................. 90
147........ This Part to be superannuation law .................................................. 90
147A..... Transitional provisions ..................................................................... 90
Part 12--Offences relating to records etc. 92
148........ Object of Part ................................................................................... 92
149........ Interpretation .................................................................................... 92
151........ Incorrectly keeping records etc. ........................................................ 92
154........ Incorrectly keeping or making records .............................................. 93
155........ Incorrectly keeping records with intention of deceiving or misleading etc. 94
156........ Falsifying or concealing identity with intention of deceiving or misleading etc. 95
Part 13--Powers of courts 96
157........ Object of Part ................................................................................... 96
158........ Power to grant relief ......................................................................... 96
159........ Power of Court to give directions with respect to meetings ordered by the Court 98
160........ Irregularities ...................................................................................... 98
161........ Power of Court to prohibit payment or transfer of money or property 100
162........ Court may order the disclosure of information or the publication of advertisements--contravention of provisions relating to provision of RSAs etc. .................................................. 104
163........ Injunctions ...................................................................................... 105
164........ Effect of sections 161, 162 and 163 ............................................... 108
165........ Power of Court to punish for contempt of court ........................... 108
166........ Court may resolve transitional difficulties ..................................... 108
Part 14--Proceedings 109
167........ Object of Part ................................................................................. 109
168........ Power of Regulator to intervene in proceeding ............................... 109
169........ Civil proceeding not to be stayed ................................................... 109
170........ Evidence of contravention .............................................................. 109
171........ Vesting of property ........................................................................ 110
Part 15--Exemptions and modifications 112
172........ Object of Part ................................................................................. 112
173........ Interpretation .................................................................................. 112
174........ Regulator's powers of exemption--modifiable provisions ............ 112
175........ Regulator's powers of exemption--general issues ......................... 112
176........ Enforcement of conditions to which exemption is subject ............. 113
177........ Regulator's powers of modification--modifiable provisions ......... 113
178........ Regulator's powers of modification--general issues ...................... 113
179........ Revocation of exemptions and modifications ................................. 113
180........ Publication of exemptions and modifications etc. .......................... 113
Part 16--Miscellaneous 114
181........ Object of Part ................................................................................. 114
182........ Regulator may direct RSA institutions not to accept employer contributions 114
183........ RSA contributions--deductions from salary or wages to be remitted promptly 117
184........ Compliance with determinations of the Superannuation Complaints Tribunal 118
185........ Conduct by directors, servants and agents ..................................... 118
186........ Conviction does not relieve defendant from civil liability .............. 120
188........ Civil immunity where defendant was complying with this Act ..... 120
189........ Review of certain decisions ............................................................ 121
190........ Statements to accompany notification of decisions ....................... 122
195........ This Act and the regulations have effect subject to the Crimes (Superannuation Benefits) Act 1989 and the Australian Federal Police Act 1979 .................................................................. 123
196........ Payment out of an RSA in accordance with the Bankruptcy Act 1966 123
197........ Concurrent operation of State/Territory laws ................................ 123
200........ Regulations ..................................................................................... 123
Notes 125
Notes to
the
Retirement Savings Accounts Act 1997 Note 1 The Retirement Savings Accounts Act 1997 as shown in
this compilation comprises Act No. 61, 1997 amended as indicated in the
Tables below. For application, saving or transitional provisions made by the
Corporations (Repeals, Consequentials and Transitionals) Act 2001, see
Act No. 55, 2001. For all other relevant information pertaining to application,
saving or transitional provisions see Table A. Table of Acts
|
Act |
Number |
Date |
Date of commencement |
Application, saving or transitional provisions |
|
61, 1997 |
28 May 1997 |
2 June 1997 (see Gazette 1997, No. S202) |
|
|
|
Superannuation Contributions Tax (Consequential Amendments) Act 1997 |
71, 1997 |
5 June 1997 |
5 June 1997 |
-- |
|
as amended by |
|
|
|
|
|
Superannuation Contributions and Termination Payments Taxes Legislation Amendment Act 1997 |
191, 1997 |
7 Dec 1997 |
Schedule 5: 5 June 1997 (a) |
-- |
|
48, 1998 |
29 June 1998 |
Schedule 1 (items 155-160): 1 July 1998 (see Gazette 1998, No. S316) (b) |
-- |
|
|
Financial Sector Reform (Amendments and Transitional Provisions) Act 1998 |
54, 1998 |
29 June 1998 |
Schedule 15: 1 July 1998 (see Gazette 1998, No. S316) (c) |
-- |
|
Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999 |
44, 1999 |
17 June 1999 |
Schedule 7 (items 133-141): 1 July 1999 (see Gazette 1999, No. S283) (d) |
S. 3(2)(e) (am. by 160, 2000, Sch. 4 [item 4]) |
|
as amended by |
|
|
|
|
|
160, 2000 |
21 Dec 2000 |
(see 160, 2000 below) |
-- |
|
|
Superannuation (Unclaimed Money and Lost Members) Consequential and Transitional Act 1999 |
128, 1999 |
13 Oct 1999 |
||
|
Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 2000 |
24, 2000 |
3 Apr 2000 |
Schedule 8: Royal Assent (f) |
-- |
|
Broadcasting Services Amendment (Digital Television and Datacasting) Act 2000 |
108, 2000 |
3 Aug 2000 |
Schedule 3 (items 3, 4): 1 Jan 2001 (see Gazette 2000, No. GN50) (g) |
-- |
|
Criminal Code Amendment (Theft, Fraud, Bribery and Related Offences) Act 2000 |
137, 2000 |
24 Nov 2000 |
Ss. 1-3 and Schedule 1 (items 1, 4, 6, 7, 9-11,
32): Royal Assent |
Sch. 2 (items 418, 419) |
|
160, 2000 |
21 Dec 2000 |
Schedule 1 (item 21): Royal Assent |
-- |
|
|
Treasury Legislation Amendment (Application of Criminal Code) Act (No. 1) 2001 |
31, 2001 |
28 Apr 2001 |
Schedule 1 (items |
-- |
|
as amended by |
|
|
|
|
|
Treasury Legislation Amendment (Application of Criminal Code) Act (No. 3) 2001 |
117, 2001 |
18 Sept 2001 |
Schedule 2 (items 6-34): (h) |
|
|
Corporations (Repeals, Consequentials and Transitionals) Act 2001 |
55, 2001 |
28 June 2001 |
Ss. 4-14 and Schedule 3 (items 459-463): 15 July 2001 (see Gazette 2001, No. S285) (i) |
|
|
Financial Sector (Collection of Data--Consequential and Transitional Provisions) Act 2001 |
121, 2001 |
24 Sept 2001 |
Ss. 1-3: Royal Assent |
Sch. 2 (item 94) |
|
as amended by |
|
|
|
|
|
Financial Services Reform (Consequential Provisions) Act 2001 |
123, 2001 |
27 Sept 2001 |
Schedule 2 (item 1): 11 Mar 2002 (see Gazette 2001, No. GN42) (j) |
-- |
|
Financial Services Reform (Consequential Provisions) Act 2001 |
123, 2001 |
27 Sept 2001 |
Schedule 1 (items 263-275, 279) and Schedule 2
(items 3, 6, 7): 11 Mar 2002 (see Gazette 2001, No. GN42) (k) |
Sch. 2 (item 5) |
|
Financial Services Reform (Consequential Provisions) Act 2002 |
29, 2002 |
5 Apr 2002 |
Schedule 1: (l) |
-- |
|
125, 2002 |
10 Dec 2002 |
Schedule 2 (item 119): 1 Jan 2003 |
-- |
|
|
141, 2003 |
17 Dec 2003 |
Schedule 3 (item 2): 18 Dec 2003 |
-- |
|
|
53, 2004 |
27 Apr 2004 |
Schedule 3 (items 2-4, 11(1)): 1 July 2004 (see Gazette 2004, No. GN22) |
Sch. 3 (item 11(1)) |
|
|
Superannuation Laws Amendment (2004 Measures No. 2) Act 2004 |
93, 2004 |
29 June 2004 |
S. 4(2) and Schedule 1 (item 4): Royal Assent |
|
|
Superannuation Legislation Amendment (Choice of Superannuation Funds) Act 2004 |
102, 2004 |
30 June 2004 |
Schedule 1: 1 July 2005 |
Sch. 2 (item 10(2)) |
|
Superannuation Legislation Amendment (Choice of Superannuation Funds) Act 2005 |
82, 2005 |
29 June 2005 |
Schedule 2: 1 July 2005 |
-- |
|
8, 2007 |
15 Mar 2007 |
Schedule 4 (items 23, 24): Royal Assent |
-- |
|
|
9, 2007 |
15 Mar 2007 |
Schedule 7 (items 1, 7): Royal Assent |
Sch. 7 (item 7) |
|
|
Superannuation Legislation Amendment (Simplification) Act 2007 |
15, 2007 |
15 Mar 2007 |
Schedule 1 (items 277-283, |
Sch. 1 (item 406(1)-(3)) |
|
Tax Laws Amendment (2007 Measures No. 4) Act 2007 |
143, 2007 |
24 Sept 2007 |
Schedule 5 (items 26, 48(1), (3)): Royal Assent |
Sch. 5 (item 48(1), (3)) |
|
Financial Sector Legislation Amendment (Review of Prudential Decisions) Act 2008 |
25, 2008 |
26 May 2008 |
Schedule 1 (items 35-40): Royal Assent |
Sch. 1 (item 40) |
|
Same‑Sex Relationships (Equal Treatment in Commonwealth Laws--Superannuation) Act 2008 |
134, 2008 |
4 Dec 2008 |
Schedule 4 (items 1, 2): 1 July 2008 |
Sch. 4 (items 2, 20) |
|
Financial Sector Legislation Amendment (Enhancing Supervision and Enforcement) Act 2009 |
75, 2009 |
27 Aug 2009 |
Schedule 1 (item 219): [see Note 2] |
-- |
(a) The Superannuation Contributions Tax (Consequential Amendments) Act 1997 was amended by Schedule 5 only of the Superannuation Contributions and Termination Payments Taxes Legislation Amendment Act 1997, subsection 2(4) of which provides as follows:
(4) Schedule 5 is taken to have commenced on 5 June 1997, immediately after the commencement of the Superannuation Contributions Tax (Consequential Amendments) Act 1997.
(b) The Retirement Savings Accounts Act 1997 was amended by Schedule 1 (items 155-160) only of the Financial Sector Reform (Consequential Amendments) Act 1998, subsection 2(2) of which provides as follows:
(2) Subject to subsections (3) to (14), Schedules 1, 2 and 3 commence on the commencement of the Australian Prudential Regulation Authority Act 1998.
(c) The Retirement Savings Accounts Act 1997 was amended by Schedule 15 only of the Financial Sector Reform (Amendments and Transitional Provisions) Act 1998, subsection 2(2)(m) of which provides as follows:
(2) The following provisions of this Act commence on the commencement of the Australian Prudential Regulation Authority Act 1998:
(m) Schedule 15;
(d) The Retirement Savings Accounts Act 1997 was amended by Schedule 7 (items 133-141) only of the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999, subsections 3(1), (2)(e) and (16) of which provide as follows:
(1) Subject to this section, this Act commences on the day on which it receives the Royal Assent.
(2) The following provisions commence on the transfer date:
(e) subject to subsection (12), Schedule 7, other than items 43, 44, 118, 205 and 207 (the commencement of those items is covered by subsections (10), (11) and (13)).
(16) The Governor‑General may, by Proclamation published in the Gazette, specify the date that is to be the transfer date for the purposes of this Act.
(e) The Retirement Savings Accounts Act 1997 was amended by Schedule 1 (items 12-35) only of the Superannuation (Unclaimed Money and Lost Members) Consequential and Transitional Act 1999, subsections 2(1) and (2) of which provide as follows:
(1) In this section, commencing time means the time when the Superannuation (Unclaimed Money and Lost Members) Act 1999 commences.
(2) Subject to this section, this Act commences at the commencing time.
(f) The Retirement Savings Accounts Act 1997 was amended by Schedule 8 only of the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 2000, subsection 2(1) of which provides as follows:
(1) Subject to this section, this Act commences on the day on which it receives the Royal Assent.
(g) The Retirement Savings Accounts Act 1997 was amended by Schedule 3 (items 3 and 4) only of the Broadcasting Services Amendment (Digital Television and Datacasting) Act 2000, subsection 2(2) of which provides as follows:
(2) Subject to subsection (3), the remaining provisions of this Act commence on a day to be fixed by Proclamation.
(h) The Treasury Legislation Amendment (Application of Criminal Code) Act (No. 1) 2001 was amended by Schedule 2 (items 6-34) only of the Treasury Legislation Amendment (Application of Criminal Code) Act (No. 3) 2001, subsection 2(4) of which provides as follows:
(4) Schedule 2 and Part 4 of Schedule 3 are taken to have commenced immediately after the commencement of item 14 of Schedule 1 to the Treasury Legislation Amendment (Application of Criminal Code) Act (No. 1) 2001.
Item 14 of Schedule 1 commenced on 15 December 2001.
(i) The Retirement Savings Accounts Act 1997 was amended by Schedule 3 (items 459-463) only of the Corporations (Repeals, Consequentials and Transitionals) Act 2001, subsection 2(3) of which provides as follows:
(3) Subject to subsections (4) to (10), Schedule 3 commences, or is taken to have commenced, at the same time as the Corporations Act 2001.
(j) The Financial Sector (Collection of Data--Consequential and Transitional Provisions) Act 2001 was amended by Schedule 2 (item 1) only of the Financial Services Reform (Consequential Provisions) Act 2001, subsection 2(19)(a)(i) of which provides as follows:
(19) The commencement of items 1 and 2 of Schedule 2 is as follows:
(a) if Parts 5 and 6 of Schedule 2 to the Financial Sector (Collection of Data--Consequential and Transitional Provisions) Act 2001 do not commence before the FSR commencement, the items commence on the later of:
(i) the FSR commencement; and
(k) The Retirement Savings Accounts Act 1997 was amended by Schedule 1 (items 263-275 and 279) and Schedule 2 (items 3, 4, 6 and 7) only of the Financial Services Reform (Consequential Provisions) Act 2001, subsections 2(1), (6), (9A), (18)(a) and (20)(a) of which provide as follows:
(1) In this section :
FSR commencement means the commencement of item 1 of Schedule 1 to the Financial Services Reform Act 2001.
(6) Subject to subsections (7) to (17), the other items of Schedule 1 commence on the FSR commencement.
(9A) If Parts 5 and 6 of Schedule 2 to the Financial Sector (Collection of Data--Consequential and Transitional Provisions) Act 2001 do not commence before the FSR commencement, items 276 to 278, and 290 to 325C, of Schedule 1 to this Act do not ever commence.
(18) The commencement of the items of Schedule 2, other than items 1, 2, 4, 5, 9 and 10, is as follows:
(a) if Parts 5 and 6 of Schedule 2 to the Financial Sector (Collection of Data--Consequential and Transitional Provisions) Act 2001 do not commence before the FSR commencement, the items commence on the FSR commencement;
(20) The commencement of items 4 and 5 of Schedule 2 is as follows:
(a) if item 3 of Schedule 2 to this Act commences under subsection (18), the items commence on the commencement of Parts 5 and 6 of Schedule 2 to the Financial Sector (Collection of Data--Consequential and Transitional Provisions) Act 2001;
(l) Subsection 2(1) (item 2) of the Financial Services Reform (Consequential Provisions) Act 2002 provides as follows:
(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, on the day or at the time specified in column 2 of the table.
|
Commencement information |
||
|
Column 1 |
Column 2 |
Column 3 |
|
Provision(s) |
Commencement |
Date/Details |
|
2. Schedule 1 |
Immediately after the commencement of the Family Law Legislation Amendment (Superannuation) Act 2001 |
28 December 2002 |
(m) Subsection 2(1) (item 2) of the Superannuation Legislation Amendment (Simplification) Act 2007 provides as follows:
(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
|
Provision(s) |
Commencement |
Date/Details |
|
2. Schedule 1 |
Immediately after the commencement of Schedule 1 to the Tax Laws Amendment (Simplified Superannuation) Act 2007. |
15 March 2007 |
Table of Amendments
|
ad. = added or inserted am. = amended rep. = repealed rs. = repealed and substituted |
|
|
Provision affected |
How affected |
|
Part 1 |
|
|
Division 1 |
|
|
rs. No. 54, 1998 |
|
|
|
am. No. 128, 1999; No. 121, 2001; No. 15, 2007 |
|
Part 2 |
|
|
Division 1 |
|
|
am. No. 160, 2000 |
|
|
am. No. 48, 1998; No. 44, 1999 |
|
|
am. No. 54, 1998 |
|
|
Division 2 |
|
|
am. No. 71, 1997; Nos. 48 and 54, 1998; Nos. 44 and 128, 1999; Nos. 55, 121 and 123, 2001; No. 102, 2004; No. 25, 2008 |
|
|
Heading to s. 17................... |
am. No. 54, 1998 |
|
am. No. 54, 1998 |
|
|
am. No. 55, 2001 |
|
|
am. No. 102, 2004; No. 134, 2008 |
|
|
ad. No. 102, 2004 |
|
|
Part 3 |
|
|
am. Nos. 48 and 54, 1998; No. 44, 1999 |
|
|
am. No. 54, 1998 |
|
|
am. No. 54, 1998 |
|
|
Heading to s. 30................... |
am. No. 54, 1998 |
|
am. No. 54, 1998 |
|
|
am. Nos. 48 and 54, 1998; No. 44, 1999 |
|
|
am. No. 54, 1998; No. 31, 2001 |
|
|
Note to s. 34(4).................... |
rep. No. 123, 2001 |
|
am. No. 54, 1998; No. 31, 2001 |
|
|
Part 4 |
|
|
am. No. 54, 1998; No. 121, 2001 |
|
|
am. No. 54, 1998 |
|
|
am. No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
Note to s. 39(2).................... |
ad. No. 31, 2001 |
|
am. No. 31, 2001 |
|
|
am. No. 31, 2001; No. 29, 2002 |
|
|
am. No. 31, 2001 |
|
|
ad. No. 15, 2007 |
|
|
Heading to s. 44................... |
rs. No. 121, 2001 |
|
am. No. 54, 1998; No. 31, 2001 (as rep. by No. 117, 2001); No. 121, 2001 |
|
|
Note to s. 44(1).................... |
ad. No. 121, 2001 |
|
Note to s. 44(2).................... |
ad. No. 31, 2001 |
|
Part 5 |
|
|
Division 1 |
|
|
S. 45..................................... |
am. No. 54, 1998 |
|
|
rep. No. 123, 2001 |
|
Division 2 |
|
|
am. No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
Note to s. 47(3).................... |
ad. No. 31, 2001 |
|
am. No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
Note to s. 48(2).................... |
ad. No. 31, 2001 |
|
am. No. 54, 1998; No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
Note to s. 49(2).................... |
ad. No. 31, 2001 |
|
S. 50..................................... |
am. No. 31, 2001 (as rep. by No. 117, 2001); No. 93, 2004 |
|
|
rep. No. 9, 2007 |
|
Note to s. 50(4).................... |
ad. No. 31, 2001 |
|
|
rep. No. 9, 2007 |
|
Div. 3 of Part 5..................... |
rep. No. 102, 2004 |
|
S. 51..................................... |
am. No. 54, 1998; No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
rep. No. 123, 2001 |
|
Note to s. 51(1).................... |
ad. No. 31, 2001 |
|
|
rep. No. 123, 2001 |
|
S. 52..................................... |
am. No. 31, 2001 (as rep. by No. 117, 2001); No. 123, 2001 |
|
|
rep. No. 102, 2004 |
|
Note to s. 52(3).................... |
ad. No. 31, 2001 |
|
|
rep. No. 102, 2004 |
|
Note to s. 52(6).................... |
ad. No. 31, 2001 |
|
|
rep. No. 102, 2004 |
|
Note to s. 52(8).................... |
ad. No. 31, 2001 |
|
|
rep. No. 102, 2004 |
|
Div. 4 of Part 5..................... |
rep. No. 123, 2001 |
|
S. 53..................................... |
am. No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
rep. No. 123, 2001 |
|
Note to s. 53(1).................... |
ad. No. 31, 2001 |
|
|
rep. No. 123, 2001 |
|
S. 54..................................... |
am. No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
rep. No. 123, 2001 |
|
Notes 1, 2 to s. 54(4)........... |
ad. No. 31, 2001 |
|
|
rep. No. 123, 2001 |
|
S. 55..................................... |
am. No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
rep. No. 123, 2001 |
|
Note to s. 55(2).................... |
ad. No. 31, 2001 |
|
|
rep. No. 123, 2001 |
|
S. 56..................................... |
rep. No. 123, 2001 |
|
Div. 5 of Part 5..................... |
rep. No. 123, 2001 |
|
S. 57..................................... |
am. No. 54, 1998 |
|
|
rep. No. 123, 2001 |
|
S. 58..................................... |
rep. No. 123, 2001 |
|
S. 59..................................... |
am. No. 54, 1998 |
|
|
rep. No. 123, 2001 |
|
S. 60..................................... |
rs. No. 31, 2001 |
|
|
rep. No. 123, 2001 |
|
Div. 6 of Part 5..................... |
rep. No. 123, 2001 |
|
S. 61..................................... |
am. No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
rep. No. 123, 2001 |
|
Note to s. 61(4).................... |
ad. No. 31, 2001 |
|
|
rep. No. 123, 2001 |
|
Div. 7 of Part 5..................... |
rep. No. 123, 2001 |
|
S. 62..................................... |
am. No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
rep. No. 123, 2001 |
|
Note to s. 62(5).................... |
ad. No. 31, 2001 |
|
|
rep. No. 123, 2001 |
|
Part 6 |
|
|
am. No. 31, 2001 (as rep. by No. 117, 2001); No. 121, 2001 |
|
|
Note to s. 64(3).................... |
ad. No. 31, 2001 |
|
am. No. 31, 2001 (as rep. by No. 117, 2001); No. 121, 2001; No. 25, 2008 |
|
|
Note to s. 65(2).................... |
ad. No. 31, 2001 |
|
Note to s. 65(5).................... |
ad. No. 31, 2001 |
|
Subhead. to s. 66(6)............ |
am. No. 54, 1998 |
|
|
rs. No. 53, 2004 |
|
Subhead. to s. 66(8)............ |
am. No. 54, 1998 |
|
|
rep. No. 53, 2004 |
|
am. No. 54, 1998; No. 31, 2001 (as am. by No. 117, 2001); No. 121, 2001; No. 53, 2004 |
|
|
Note to s. 66(5).................... |
ad. No. 31, 2001 |
|
|
rs. No. 53, 2004 |
|
Note to s. 66(9).................... |
ad. No. 31, 2001 |
|
|
rep. No. 53, 2004 |
|
ad. No. 53, 2004 |
|
|
am. No. 54, 1998; No. 121, 2001 |
|
|
|
rs. No. 25, 2008 |
|
ad. No. 25, 2008 |
|
|
Heading to s. 68................... |
am. No. 54, 1998 |
|
am. No. 54, 1998; No. 24, 2000; No. 121, 2001; No. 25, 2008 |
|
|
Part 7 |
|
|
S. 69..................................... |
rep. No. 123, 2001 |
|
Ss. 70, 71............................. |
am. No. 108, 2000 |
|
|
rep. No. 123, 2001 |
|
Ss. 72, 73............................. |
rep. No. 123, 2001 |
|
am. No. 123, 2001 |
|
|
S. 75..................................... |
am. No. 31, 2001 |
|
|
rep. No. 123, 2001 |
|
Note to s. 75......................... |
ad. No. 31, 2001 |
|
|
rep. No. 123, 2001 |
|
S. 76..................................... |
rep. No. 123, 2001 |
|
S. 77..................................... |
am. No. 31, 2001 |
|
|
rep. No. 123, 2001 |
|
Note to s. 77(1).................... |
ad. No. 31, 2001 |
|
|
rep. No. 123, 2001 |
|
am. No. 82, 2005 |
|
|
Part 8.................................... |
rep. No. 128, 1999 |
|
Ss. 80-86............................. |
rep. No. 128, 1999 |
|
Part 10 |
|
|
Division 1 |
|
|
am. No. 54, 1998 |
|
|
Division 2 |
|
|
Heading to s. 92................... |
am. No. 54, 1998 |
|
am. No. 54, 1998 |
|
|
Heading to s. 93................... |
am. No. 54, 1998 |
|
am. No. 54, 1998 |
|
|
Division 3 |
|
|
Heading to Div. 3 of.............. |
rs. No. 54, 1998 |
|
am. No. 54, 1998; No. 121, 2001 |
|
|
am. No. 54, 1998; No. 31, 2001 |
|
|
am. No. 54, 1998 |
|
|
Heading to s. 98................... |
am. No. 54, 1998 |
|
am. No. 54, 1998 |
|
|
am. No. 54, 1998 |
|
|
Subhead. to s. 104(8).......... |
am. No. 54, 1998 |
|
am. No. 54, 1998 |
|
|
Division 4 |
|
|
am. No. 54, 1998 |
|
|
am. No. 54, 1998; No. 31, 2001 |
|
|
Notes 1, 2 to s. 108(3)......... |
ad. No. 31, 2001 |
|
am. No. 54, 1998 |
|
|
am. No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
Note to s. 112(2).................. |
ad. No. 31, 2001 |
|
am. No. 54, 1998 |
|
|
Division 5 |
|
|
am. No. 54, 1998; No. 125, 2002 |
|
|
Division 6 |
|
|
am. No. 54, 1998 |
|
|
|
rs. No. 31, 2001 (as rs. by No. 117, 2001) |
|
am. No. 54, 1998 |
|
|
am. No. 31, 2001 (as rep. by No. 117, 2001); No. 8, 2007 |
|
|
Note to s. 118(4).................. |
ad. No. 31, 2001 |
|
am. No. 54, 1998 |
|
|
Division 7 |
|
|
am. No. 54, 1998 |
|
|
Division 8 |
|
|
Heading to s. 128................. |
am. No. 54, 1998 |
|
am. No. 54, 1998 |
|
|
ad. No. 54, 1998 |
|
|
Part 11 |
|
|
Division 2 |
|
|
am. No. 71, 1997; No. 128, 1999 |
|
|
am. No. 71, 1997; No. 128, 1999; No. 31, 2001 (as rep. by No. 117, 2001); No. 15, 2007 |
|
|
Note to s. 133(1).................. |
ad. No. 15, 2007 |
|
Note to s. 133(3).................. |
ad. No. 31, 2001 |
|
Division 3 |
|
|
am. No. 71, 1997; No. 128, 1999 |
|
|
am. No. 71, 1997; No. 54, 1998; No. 128, 1999 |
|
|
am. No. 71, 1997; No. 54, 1998; No. 128, 1999; No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
Note to s. 136(4).................. |
ad. No. 31, 2001 |
|
am. No. 71, 1997; No. 128, 1999; No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
Note to s. 137(6).................. |
ad. No. 31, 2001 |
|
am. No. 71, 1997; No. 54, 1998; No. 128, 1999; No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
Note to s. 138(4).................. |
ad. No. 31, 2001 |
|
Division 4 |
|
|
am. No. 71, 1997; No. 54, 1998; No. 128, 1999; No. 15, 2007 |
|
|
am. No. 71, 1997; No. 128, 1999 |
|
|
ad. No. 143, 2007 |
|
|
am. No. 71, 1997; No. 128, 1999 |
|
|
am. No. 71, 1997; No. 54, 1998; No. 128, 1999 |
|
|
am. No. 71, 1997; No. 128, 1999 |
|
|
Division 4A |
|
|
Div. 4A of Part 11................. |
ad. No. 15, 2007 |
|
ad. No. 15, 2007 |
|
|
Division 5 |
|
|
am. No. 71, 1997; No. 128, 1999; No. 121, 2001 |
|
|
am. No. 137, 2000 |
|
|
Division 6 |
|
|
ad. No. 71, 1997 (as am. by No. 191, 1997) |
|
|
Part 12 |
|
|
Heading to Part 12................ |
rs. No. 137, 2000 |
|
am. No. 137, 2000 |
|
|
S. 150................................... |
rep. No. 137, 2000 |
|
am. No. 31, 2001 |
|
|
Ss. 152, 153......................... |
rep. No. 137, 2000 |
|
rs. No. 31, 2001 |
|
|
am. No. 54, 1998 |
|
|
Part 13 |
|
|
am. No. 8, 2007 |
|
|
am. No. 54, 1998 |
|
|
am. No. 54, 1998; No. 31, 2001 (as rep. by No. 117, 2001); No. 121, 2001 |
|
|
Note to s. 161(14)................ |
ad. No. 31, 2001 |
|
am. No. 54, 1998; No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
Note to s. 162(4).................. |
ad. No. 31, 2001 |
|
am. No. 54, 1998 |
|
|
Part 14 |
|
|
Heading to s. 168................. |
am. No. 54, 1998 |
|
am. No. 54, 1998 |
|
|
Part 15 |
|
|
am. No. 54, 1998 |
|
|
am. No. 128, 1999; No. 123, 2001 |
|
|
Heading to s. 174................. |
am. No. 54, 1998 |
|
am. No. 54, 1998 |
|
|
Heading to s. 175................. |
am. No. 54, 1998 |
|
am. No. 54, 1998; No. 31, 2001 |
|
|
Heading to s. 177................. |
am. No. 54, 1998 |
|
am. No. 54, 1998 |
|
|
Heading to s. 178................. |
am. No. 54, 1998 |
|
am. No. 54, 1998 |
|
|
Part 16 |
|
|
Heading to s. 182................. |
am. No. 54, 1998 |
|
am. No. 54, 1998; Nos. 31 and 123, 2001; No. 141, 2003 |
|
|
Note to s. 182(6).................. |
rep. No. 123, 2001 |
|
am. No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
Note to s. 183(3).................. |
ad. No. 31, 2001 |
|
am. No. 31, 2001 |
|
|
S. 187................................... |
rep. No. 54, 1998 |
|
Subhead. to s. 189(4).......... |
am. No. 54, 1998 |
|
Subheads. to s. 189(6), (7). |
am. No. 54, 1998 |
|
am. No. 54, 1998 |
|
|
am. No. 54, 1998 |
|
|
Ss. 191, 192......................... |
rep. No. 54, 1998 |
|
Heading to s. 193................. |
am. No. 54, 1998 |
|
|
rep. No. 121, 2001 |
|
Subheads. to s. 193(4), (5). |
am. No. 54, 1998 |
|
|
rep. No. 121, 2001 |
|
S. 193................................... |
am. No. 54, 1998; No. 31, 2001 (as rep. by No. 117, 2001) |
|
|
rep. No. 121, 2001 |
|
Note to s. 193(6).................. |
ad. No. 31, 2001 |
|
|
rep. No. 121, 2001 |
|
Heading to s. 194................. |
am. No. 54, 1998 |
|
|
rep. No. 121, 2001 |
|
S. 194................................... |
am. No. 54, 1998 |
|
|
rep. No. 121, 2001 |
|
Ss. 198, 199......................... |
rep. No. 54, 1998 |
|
am. No. 54, 1998 |
|
|
|
|
Note 2
Financial Sector Legislation Amendment (Enhancing Supervision and Enforcement) Act 2009 (No. 75, 2009)
The following amendment commences on 27 February 2010 unless proclaimed earlier:
Schedule 1
219 Section 16 (paragraph (a) of the definition of life insurance company)
After "under", insert "section 21 of".
As at 4 September 2009 the amendment is not incorporated in this compilation.
Table A
Application, saving or transitional provisions
Superannuation (Unclaimed Money and Lost Members) Consequential and Transitional Act 1999 (No. 128, 1999)
5 Transitional--payments of unclaimed money to States and Territories etc.
(1) If:
(a) a State or Territory does not have a law that satisfies the requirements of section 18 of the New Act; and
(b) at the commencement of the New Act, that State or Territory had a law that satisfied the requirements of section 84 of the RSA Act (as in force before that commencement) and subsections 225(9), (9A) and (9B) of the SIS Act (as then in force); and
(c) those provisions (as in force before that commencement) would, if they were in force after that commencement, require a superannuation provider:
(i) to provide particulars of unclaimed money; and
(ii) to pay an amount of unclaimed money;
to an authority of that State or Territory;
the provider must provide the particulars, and pay the amount, to the authority in accordance with those provisions instead of complying with sections 16 and 17 of the New Act.
(2) Subsection (1) ceases to have effect from the first half‑year that starts after the end of the transition period.
(3) In subsection (2):
transition period means the period of 2 years starting immediately after the commencement of the New Act.
6 Transitional--treatment of unclaimed money under the RSA Act and the SIS Act
(1) If particulars of unclaimed money have been provided, or unclaimed money has been paid, to the Commissioner in accordance with:
(a) Part 8 of the RSA Act; or
(b) Part 22 of the SIS Act;
those particulars are taken to have been provided, and that money is taken to have been paid, to the Commissioner in accordance with sections 16 and 17 of the New Act.
(2) If particulars of unclaimed money have been provided, or unclaimed money has been paid, to a State or Territory authority in accordance with:
(a) Part 8 of the RSA Act; or
(b) Part 22 of the SIS Act;
those particulars are taken to have been provided, and that money is taken to have been paid, to the State or Territory authority in accordance with section 18 of the New Act.
7 Transitional--treatment of particulars relating to lost members under the RSA Act and the SIS Act
If particulars relating to lost members have been provided to the Commissioner in accordance with:
(a) regulations under the RSA Act; or
(b) regulations under the SIS Act;
those particulars are taken to have been provided to the Commissioner in accordance with a scheme established by regulations in accordance with section 23 of the New Act.
8 Application of certain items of Schedule 1
Items 8, 10, 12, 13, 14, 34, 35, 39, 44, 45, 46, 47, 48, 49 and 73 of Schedule 1 do not apply in respect of the half‑year in which the New Act receives the Royal Assent.
Criminal Code Amendment (Theft, Fraud, Bribery and Related Offences) Act 2000 (No. 137, 2000)
Schedule 2
418 Transitional--pre‑commencement offences
(1) Despite the amendment or repeal of a provision by this Schedule, that provision continues to apply, after the commencement of this item, in relation to:
(a) an offence committed before the commencement of this item; or
(b) proceedings for an offence alleged to have been committed before the commencement of this item; or
(c) any matter connected with, or arising out of, such proceedings;
as if the amendment or repeal had not been made.
(2) Subitem (1) does not limit the operation of section 8 of the Acts Interpretation Act 1901.
419 Transitional--pre‑commencement notices
If:
(a) a provision in force immediately before the commencement of this item required that a notice set out the effect of one or more other provisions; and
(b) any or all of those other provisions are repealed by this Schedule; and
(c) the first‑mentioned provision is amended by this Schedule;
the amendment of the first‑mentioned provision by this Schedule does not affect the validity of such a notice that was given before the commencement of this item.
Financial Sector (Collection of Data--Consequential and Transitional Provisions) Act 2001 (No. 121, 2001)
Schedule 2
94 Application
The amendments made by this Part apply only on and after the day on which the reporting standards determined under section 13 of the Financial Sector (Collection of Data) Act 2001 begin to apply under section 15 of that Act to financial sector entities (within the meaning of that Act) that are RSA providers (within the meaning of the Retirement Savings Accounts Act 1997).
Financial
Services Reform (Consequential Provisions) Act 2001
(No. 123,
2001)
5 Application of amendment made by item 4
The amendment made by item 4 applies only on and after the day on which the reporting standards determined under section 13 of the Financial Sector (Collection of Data) Act 2001 begin to apply under section 15 of that Act to financial sector entities (within the meaning of that Act) that are RSA providers (within the meaning of the Retirement Savings Accounts Act 1997).
Superannuation Safety Amendment Act 2004 (No. 53, 2004)
11 Transitional provision
(1) On and after the commencement of this Part:
(a) the amendments made by this Part do not apply in relation to a matter that was told to an RSA provider, under section 66 of the Retirement Savings Accounts Act 1997, before that commencement; and
(b) section 66 of that Act, as in force immediately before that commencement, continues to apply in relation to that matter.
Superannuation
Laws Amendment (2004 Measures No. 2) Act 2004
(No. 93,
2004)
(2) The amendment made by item 4 of Schedule 1 applies to transfer requests made on or after the later of the following days:
(a) the 28th day after the day on which this Act receives the Royal Assent;
(b) 1 July 2004.
Superannuation Legislation Amendment (Choice of Superannuation Funds) Act 2004 (No. 102, 2004)
Schedule 2
10 Application
(2) The amendments made by items 4 to 9 of this Schedule apply to the doing of things after the commencement of those items.
Tax Laws Amendment (Simplified Superannuation) Act 2007 (No. 9, 2007)
Schedule 7
7 Application
The amendments made by this Schedule apply on and after 1 July 2007.
Superannuation
Legislation Amendment (Simplification) Act 2007
(No. 15, 2007)
Schedule 1
406 Application
(1) The amendments made by this Schedule apply to the 2007‑2008 income year and later years.
(2) Despite subitem (1), those amendments apply to the 2007‑2008 financial year and later years, to the extent that they relate to Division 292 of the Income Tax Assessment Act 1997.
(3) Despite subitem (1), those amendments apply on and after 1 July 2007, to the extent that they relate to any of the following:
(a) Divisions 82 and 83 of the Income Tax Assessment Act 1997;
(b) Divisions 301 to 307 of that Act.
Tax Laws Amendment (2007 Measures No. 4) Act 2007 (No. 143, 2007)
Schedule 5
48 Application
(1) The amendments made by this Schedule apply to the 2007‑2008 income year and later years.
(3) Despite subitem (1), the amendments made by items 7, 8, 26 and 27 of this Schedule apply to notices given by the Commissioner on or after 1 June 2007.
Financial Sector Legislation Amendment (Review of Prudential Decisions) Act 2008 (No. 25, 2008)
Schedule 1
40 Application and transitional provisions
(1) For the purposes of the Retirement Savings Accounts Act 1997, a disqualification by APRA that is in force under section 67 of that Act immediately before this item commences continues in force after this item commences.
(2) For the purposes of the Retirement Savings Accounts Act 1997, a reference in column 1 of the table in the provision of the Retirement Savings Accounts Act 1997 (as in force immediately after this item commences) referred to in column 2 is taken to include the reference in column 3.
|
New references to court orders to include references to disqualifications by APRA |
|||
|
Item |
Column 1 Reference |
Column 2 Provision of the Retirement Savings Accounts Act |
Column 3 Reference taken to be included |
|
1 |
a person disqualified under section 67 |
sections 67A and 67B |
a person disqualified under section 67 under a disqualification that is continued in force under subitem (1) |
|
2 |
an order made under section 67 |
subsection 67A(1) |
a disqualification made under section 67 that is continued in force under subitem (1) |
(3) Section 67 of the Retirement Savings Accounts Act 1997 (as in force immediately after this item commences) applies in relation to any conduct engaged in by a person, whether before or after this item commences.
Waivers of disqualifications
(4) If:
(a) a person applies to APRA under section 67 of the Retirement Savings Accounts Act 1997 for the revocation of a disqualification order under section 67 of that Act; and
(b) APRA has not made a decision on the application at the time this item commences;
the application is taken to be withdrawn at that time.
Note: See subitem (5) for the treatment of a decision by APRA under section 67 of the Retirement Savings Accounts Act 1997 in respect of which review proceedings are on foot at commencement.
Review proceedings on foot at commencement
(5) The amendments to the Retirement Savings Accounts Act 1997 made by this Schedule do not affect:
(a) any request, in relation to a decision made under section 67 of that Act, for a review that is pending under section 189 of that Act immediately before the commencement of this item; or
(b) any proceeding, in relation to a decision under section 67 of that Act that has been confirmed or varied under subsection 189(4) of that Act, that is pending before the Administrative Appeals Tribunal immediately before the commencement of this item; or
(c) any appeal to a court in relation to a proceeding referred to in paragraph (b).
(6) If a disqualification by APRA under section 67 of the Retirement Savings Accounts Act 1997 is confirmed or varied as a result of a request, proceeding or appeal referred to in subitem (5), the disqualification is, for the purposes of subitem (1), taken to have been in force immediately before this item commences.
Same‑Sex Relationships (Equal Treatment in Commonwealth Laws--Superannuation) Act 2008 (No. 134, 2008)
Schedule 4
2 Application of amendments of the Retirement Savings Accounts Act 1997
The amendments of the Retirement Savings Accounts Act 1997 made by this Schedule apply to the 2008‑2009 year of income and later years.
20 Application of amendments of the Family Law Act 1975
For the purposes of an amendment made by this Schedule that refers to the Family Law Act 1975:
(a) the amendments of that Act made by items 5 and 21 of Schedule 1, and Schedule 3A, to the Family Law Amendment (De Facto Financial Matters and Other Measures) Act 2008 (the De Facto Financial Matters Act) are taken to have commenced on 1 July 2008; and
(b) the first regulations made for the purposes of subparagraph 60H(1)(b)(ii) of the Family Law Act 1975 inserted by Schedule 3A to the De Facto Financial Matters Act are taken to have commenced on 1 July 2008; and
(c) the first regulations made for the purposes of subsection 60HB(1) of the Family Law Act 1975 inserted by Schedule 3A to the De Facto Financial Matters Act are taken to have commenced on 1 July 2008.