CORPORATIONS REGULATIONS 2001 - REG 7.9.08C Money held in trust for a superannuation product or RSA
CORPORATIONS REGULATIONS 2001 - REG 7.9.08C
Money held in trust for a superannuation product or RSAFor subsection 1017E(2C) of the Act, if money is paid to a product provider for a financial product that is a superannuation product or an RSA:
(a) subsection 1017E(2A) of the Act does not apply in relation to the money; and
(b) the money is taken to be held in trust by the product
provider for the benefit of the person who is entitled to the money.