Commonwealth Numbered Regulations

1997 No. 116 RETIREMENT SAVINGS ACCOUNTS REGULATIONS - REG 6.06

6.06. (1) If an amount of money received by an RSA provider is an amount to
which section 61 of the Act applies, the RSA provider must:

   (a)  pay the money into a suspense account (that need not be
        interest-bearing); and

   (b)  record the payment in a register showing the payments to, and
        withdrawals from, that suspense account.

(2) The money must:

   (a)  if subsection 61 (1) of the Act applies - be retained in the suspense
        account until:

   (i)  the RSA is provided; or

   (ii) the money is refunded, at the request of the applicant or the
        employer, to the applicant or the employer; or

   (b)  if subsection 61 (2) of the Act applies - be paid to an eligible 
        rollover fund as soon as practicable.