Commonwealth Numbered Acts

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RETIREMENT SAVINGS ACCOUNTS ACT 1997 No. 61, 1997 - SECT 42

42 RSA provider not to breach capital guarantee
An RSA provider must not:

   (a)  reduce the balance of an RSA that is an account by the crediting of
        any negative interest; or

   (b)  reduce the contributions or accumulated earnings of an RSA that is a
        policy by negative investment returns or any reduction in the value of
        assets in which the policy is invested. Penalty: 100 penalty units. 


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