Commonwealth Numbered Regulations

1997 No. 116 RETIREMENT SAVINGS ACCOUNTS REGULATIONS - REG 2.17

2.17. (1) If, at the end of a reporting period, an RSA holder is a
protected RSA holder, the RSA provider need give the RSA holder only the
following information for the reporting period:

   (a)  the contact details of the RSA provider;

   (b)  either:

        (i)    the amount of the RSA holder's withdrawal benefit at the end of
               the reporting period; or

        (ii)   the total of the amounts that have been received by the RSA
               provider in respect of the RSA holder;

   (c)  the annual actual or notional rate of net interest applied to the RSA
        for each year of the previous 5 years ending at the end of the
        reporting period;

   (d)  the compound average of the annual actual or notional rate of net
        interest applied to the RSA for each year of the previous 5 years
        ending at the end of the reporting period;

   (e)  details (in summary form) of arrangements that the RSA provider has to
        deal with inquiries or complaints;

   (f)  a statement that other information is available on request;

   (g)  a statement:

        (i)    that outlines the effect of the lower-risk/ lower-return nature
               of the product on possible benefits in the long term; and

        (ii)   that there are other superannuation arrangements that may
               provide a greater return over the long term; and

        (iii)  that the RSA holder may wish to seek information about the
               rates of return of those superannuation arrangements.

(2) A nil amount need not be disclosed.

(3) If, in relation to an RSA holder, the RSA provider takes advantage of
regulation 2.18, the RSA provider must not, in relation to the RSA holder,
take advantage of subregulation (1).

(4) If, at the end of a reporting period, an RSA has not been in existence for
5 years, the references in paragraphs (1) (c) and (d) to 5 years are taken to
be references to the whole period of existence of the RSA.