Document ID: chunk:federal_register_of_legislation:F2024C01224:reg:3:p8
Version: federal_register_of_legislation:F2024C01224
Segment Type: reg
Provision Reference: reg 3 (pt 8/13)
Character Range: 230837–233371

of suspension or revocation
  For the purposes of paragraph 34(1)(a) of the Act, the prescribed period is 28 days.

6.15  Amount to be transferred
  For the purposes of subsection 50(3) of the Act, the amount of an RSA is the RSA holder's withdrawal benefit in the RSA.

6.16  Period within which audit report must be given
  For the purposes of subsection 65(1) of the Act, the period within which a report mentioned in that subsection must be given after the year of income to which it relates is 5 months.

6.16A  Conditional offer of goods or services—exemptions
 (1) For subsections 78(1) and (2) of the Act, the following kinds of goods and services are prescribed:
 (a) the supply of a business loan to a person by an RSA provider, or an associate of an RSA provider, that is supplied:
 (i) on condition that the person holds an RSA; and
 (ii) on a commercial arm's length basis;
 (b) a service that is supplied by an RSA provider, or an associate of an RSA provider, to a person for the forwarding of superannuation contributions and information:
 (i) to other RSAs or superannuation funds; and
 (ii) on behalf of the person; and
 (iii) in relation to employees of the person who have chosen those RSAs or funds;
 (c) advice or an administration service that relates to the payment of superannuation contributions to an RSA provider, that is supplied by an RSA provider, or an associate of an RSA provider, of the fund to:
 (i) a person; or
 (ii) the employees of the person;
 (d) the supply, or the offer to supply, goods or services to a person by an RSA provider, or an associate of an RSA provider, if:
 (i) the supply or offer is available to the employees of the person who holds an RSA with the RSA provider; and
 (ii) the terms of the supply or offer to each employee are no less advantageous than the terms supplied or offered to the person.
 (2) Paragraph (1)(a) does not apply to the supply of a business loan that is supplied on the condition that a person other than the person receiving the loan holds an RSA.

6.17  Payment of benefit to eligible rollover fund
 (1) For subsection 89(1) of the Act, it is a condition that the beneficiary is not a non‑member spouse whose entitlement under a payment split is to be dealt with under regulation 4A.27.
 (2) Subject to subregulation (3), for paragraph 89(3)(b) of the Act, the amount of the consideration for the issue of a superannuation interest is equal to the amount of the RSA holder's withdrawal benefit in the RSA.
 (3) For paragraph 89(3)(b) of the Act, the