RETIREMENT SAVINGS ACCOUNTS (CONSEQUENTIAL AMENDMENTS) ACT 1997 - SCHEDULE 16 - Amendment of the Small Superannuation Accounts Act 1995

Commonwealth Consolidated Acts

- Amendment of the Small Superannuation Accounts Act 1995 1 Section 3

After "superannuation fund", insert "or RSA".

2 Section 4

Insert:

"provider", in relation to an RSA, has the same meaning as in the Retirement Savings Accounts Act 1997 .

3 Section 4

Insert:

"RSA" has the same meaning as in the Retirement Savings Accounts Act 1997 .

4 Section 4

Insert:

"RSA provider" has the same meaning as in the Retirement Savings Accounts Act 1997 .

5 Section 4 (definition of superannuation contribution )

After "superannuation fund", insert ", an RSA".

6 Section 14

After " to superannuation fund ", insert " or RSA "

7 Section 14

After "to a superannuation fund", insert "or RSA".

8 Section 56

After "superannuation funds", insert "or RSAs".

9 Heading to Division 4 of Part 7

Repeal the heading, substitute:

Division 4—Transfer of account balances to RSAs and superannuation funds 10 Paragraph 61(1)(a)

After "account balance", insert "to a specified RSA or".

Note: The heading to section 61 is replaced by the heading "Transfer to RSA or superannuation fund".

11 Subsection 61(4)

Omit "to the trustee", substitute "to the provider of the RSA, or to the trustee".

12 Subsection 61(4)

Omit "that the trustee", substitute "that the RSA provider or the trustee".

13 Paragraph 61(7)(b)

Omit "the trustee", substitute "the RSA provider or the trustee".