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Retirement Savings Accounts Act 1997

No. 61, 1997

Compilation No. 50

Compilation date: 21 February 2025

                Includes amendments: Act No. 14, 2025

About this compilation

This compilation

This is a compilation of the Retirement Savings Accounts Act 1997 that shows the text of the law as amended and in force on 21 February 2025 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Preliminary
Division 1—Preliminary
1 Short title
2 Commencement
3 General administration of Act
4 Application of Act not to be excluded or modified
5 Act extends to external Territories
6 Crown to be bound
Division 2—Summary and outline of the Act
7 Brief summary of the Act
Part 2—Key concepts and other definitions
Division 1—Key concepts
8 Definition of RSA
9 Meaning of hold and holder
10 Meaning of provide and provider
11 Who is an RSA institution?
12 Who is an RSA provider?
13 Who is an eligible person?
14 What capital guaranteed means
15 RSA benefits
Division 2—Interpretation
16 Definitions
17 Approvals, determinations etc. by Regulator
18 Associates
19 Definitions of employee and employer
20 Definition of dependant
20A Interdependency relationship
21 Persons involved in contravention
Part 3—Approval of RSA institutions
22 Object of Part
23 Application for approval
24 Further information may be requested
25 Period within which application for approval is to be decided
26 Deciding an application for approval
27