Commonwealth Consolidated Regulations

RETIREMENT SAVINGS ACCOUNTS REGULATIONS 1997 - REG 3.09

                If:

                (a)    an RSA holder is a protected RSA holder at the end of an RSA holder reporting period; and

               (b)    the RSA provider has a reasonable expectation (in accordance with subsections 1017D (13) to (16) of the Corporations Act 2001 (as inserted by item 8.1 of Schedule 10A to the Corporations Regulations 2001 ) and regulation 7.9.27 of the Corporations Regulations 2001 ) that the RSA holder will have a withdrawal benefit of at least $1,500 within 12 months after the end of that RSA holder reporting period; and

                (c)    the RSA holder's withdrawal benefits reach $1,500 within 12 months after the end of that RSA holder reporting period;

the RSA holder is taken not to have been subject to the RSA holder‑protection standards from the beginning of that RSA holder reporting period until the end of that period of 12 months.

Note    See regulation 2.18 in relation to protected RSA holders whose benefits are reasonably expected to reach $1,500 within the period of 12 months after the end of an RSA holder reporting period.