Commonwealth Numbered Regulations

1997 No. 116 RETIREMENT SAVINGS ACCOUNTS REGULATIONS - REG 4.03

4.03. (1) For the purposes of the definition of "RSA changeover day" in
subregulation 4.01 (2), the RSA provider may, before 1 July in the calendar
year 1998, fix a day in that calendar year as the RSA changeover day in
relation to an RSA holder.

(2) In deciding the RSA changeover day in relation to an RSA holder, the RSA
provider is not bound by the terms and conditions of the RSA.

(3) If the RSA provider fixes a day as the RSA changeover day in relation to
an RSA holder, the RSA provider must record the decision in writing.

(4) Nothing in this Part is to be taken as:

   (a)  requiring a decision as to the RSA changeover day in relation to an
        RSA holder to be made in terms specific to that RSA holder; or

   (b)  prohibiting such a decision from being made prospectively in relation
        to future RSA holders.