Commonwealth Numbered Acts

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RETIREMENT SAVINGS ACCOUNTS ACT 1997 No. 61, 1997 - SECT 40

40 Interest off-set arrangements etc. not permitted

(1) An RSA provider must not enter into any interest off-set arrangements or
combination account arrangements where one of the accounts involved is an RSA.
Penalty: 100 penalty units.

(2) A contravention of subclause (1) does not affect the validity of a
transaction to the extent that the transaction relates to an account other
than an RSA. 


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