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RETIREMENT SAVINGS ACCOUNTS (CONSEQUENTIAL AMENDMENTS) ACT 1997 - SCHEDULE 11
- Amendment of the Insurance Act 1973
1 Subsection 3(1)
Insert:
"RSA" has the same meaning as in the
Retirement Savings Accounts Act 1997 .
2 After subsection 129C(1)
Insert:
- (1A)
- A body corporate authorised to carry on insurance business under this Act
must comply with any determination made in respect of it by the Superannuation
Complaints Tribunal as a result of it being joined under section 18 to a
complaint under section 15E or 15F or a complaint under section 15H or 15J of
the Superannuation (Resolution of Complaints) Act 1993, concerning
insurance benefits under a contract of insurance, where the premiums are paid
from an RSA.
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