RSA Data and Payment Standards (Payments and Information from the Commissioner of Taxation) Amendment 2016
Reference: SPR 2016/2
Document type: Legislative Instrument
Enabling act: Retirement Savings Accounts Act 1997
Date of issue: 18 October 2016
Signatory: James O'Halloran Deputy Commissioner of Taxation
Registration number: F2016L01738
Registration date: 11 November 2016


1. Name of Standard: This Standard is the RSA Data and Payment Standards (Payments and Information from the Commissioner of Taxation) Amendment 2016. | 2. Commencement: This Standard commences on the day after its registration on the Federal Register of Legislative Instruments. | 3. Application: This Standard applies to RSA providers that are required to comply with the RSA Data and Payment Standards (F2014C00902). | 4. What this Standard does: This Standard amends clause 5 of the RSA Data and Payment Standards 2013. | 5. Amendment: The following amendment is made to clause 5 of the RSA Data and Payment Standards 2013 : (a) Clause 5 Omit; substitute: 5 When the Standard applies Subject to clause 6, this Standard applies to conduct by an entity as follows: (a) an RSA provider, in relation to rollovers and transfers as the transferring fund or receiving fund, on and after 1 July 2013; (b) an RSA provider, in relation to receiving contributions from employers on and after 1 July 2014; (c) an RSA provider, in relation to receiving payments from, and returning amounts required to be repaid to, the Commissioner of Taxation on and after 14 November 2016; (d) a medium to large employer, in relation to contributions for an employee, on and after 1 July 2014; and (e) a small employer, in relation to contributions for an employee, on and after 1 July 2015. (a) an RSA provider, in relation to rollovers and transfers as the transferring fund or receiving fund, on and after 1 July 2013; (b) an RSA provider, in relation to receiving contributions from employers on and after 1 July 2014; (c) an RSA provider, in relation to receiving payments from, and returning amounts required to be repaid to, the Commissioner of Taxation on and after 14 November 2016; (d) a medium to large employer, in relation to contributions for an employee, on and after 1 July 2014; and (e) a small employer, in relation to contributions for an employee, on and after 1 July 2015.