4A.16

Request to open new RSA

Current

If the RSA provider is an RSA institution, the non‑member spouse may request the RSA provider to open a new RSA for the non‑member spouse in the non‑member spouse’s name.

Note:

For requirements about financial product disclosure that may apply in relation to a request for an RSA provider to open a new RSA, see:

(a)

Division 2.2 of the old Regulations for an interest to which a transition period (within the meaning of section 1440 of the Corporations Act 2001) applies; and

(b)

Part 7.9 of the Corporations Act 2001 for an interest to which a transition period (within the meaning of section 1440 of the Corporations Act 2001) does not apply.

This Act’s bill:Explanatory statement

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