Commonwealth Numbered Acts

RETIREMENT SAVINGS ACCOUNTS ACT 1997 No. 61, 1997 - SECT 8

An RSA, or retirement savings account, is an account or a policy:

   (a)  that is described as an RSA; and

   (b)  that is provided by an entity that is an RSA institution at the time
        the account is opened or the policy is issued; and

   (c)  that is capital guaranteed (see section 14); and

   (d)  that is held by a person who is an eligible person at the time the
        account is opened or the policy is issued (see section 13); and

   (e)  that, at the time that it is opened or issued, satisfies:

        (i)    the requirements in section 15; and

        (ii)   any prescribed criteria; and

   (f)  that is opened or issued on or after 1 July 1997 or such later day as
        is prescribed.