Commonwealth Numbered Regulations Commonwealth Numbered Regulations
Retirement Savings Accounts Regulations 1997
1 Subregulation 5.03(1) (after table item 1)
Insert:
| 1A | is not under 65, but is under 67 | contributions that are made in respect of the RSA holder that are: (a) mandated employer contributions; or (b) employer contributions (except mandated employer contributions); or (c) RSA holder contributions; or (d) downsizer contributions |
2 Subregulation 5.03(1) (table item 2, column headed "If the RSA holder ... ")
Omit "65", substitute "67".
3 Subregulation 5.03(1) (table item 3, column headed "the RSA institution may accept ... ", subparagraph (b)(ii))
Omit "made by the RSA holder".
4 Subregulation 5.03(1) (table item 3, column headed "the RSA institution may accept ... ", subparagraph (d)(ii))
Omit "made by the RSA holder".
5 In the appropriate position in Part 7
Insert:
The amendments made by items 1 to 4 of Schedule 1 to the Superannuation Legislation Amendment (2020 Measures No. 1) Regulations 2020 apply in relation to contributions made in the 2020-21 financial year and later financial years.
Superannuation Industry (Supervision) Regulations 1994
6 Subregulation 7.04(1) (after table item 1)
Insert:
| 1A | is not under 65, but is under 67 | contributions that are made in respect of the member that are: (a) mandated employer contributions; or (b) employer contributions (except mandated employer contributions); or (c) member contributions; or (d) downsizer contributions |
7 Subregulation 7.04(1) (table item 2, column headed "If the member ... ")
Omit "65", substitute "67".
8 Subregulation 7.04(1) (table item 3, column headed "the fund may accept ... ", subparagraph (b)(ii))
Omit "made by the member".
9 Subregulation 7.04(1) (table item 3, column headed "the fund may accept ... ", subparagraph (d)(ii))
Omit "made by the member".
10 In the appropriate position in Part 14
Insert:
The amendments made by items 6 to 9 of Schedule 1 to the Superannuation Legislation Amendment (2020 Measures No. 1) Regulations 2020 apply in relation to contributions made in the 2020-21 financial year and later financial years.