Commonwealth Numbered Acts

RETIREMENT SAVINGS ACCOUNTS ACT 1997 No. 61, 1997 - SECT 54

(1) An RSA institution must ensure that an employer who makes an application,
on behalf of an employee, for an RSA for the employee, has received documents
issued, or authorised to be issued, by the RSA institution that:

   (a)  contain all the information that the regulations referred to in
        section 56 require to be given to the employer; and

   (b)  comply with the formal requirements specified in those regulations;
        unless the employer received such material from the RSA institution in
        respect of another application made to the RSA institution.

(2) Despite subsection (1), the RSA institution does not have to be satisfied
that the person has received information that relates to an event or change of
circumstances that happened after the RSA institution first received an
application from that employer.

(3) Subsection (1) does not apply if the person makes an application in
circumstances specified in the regulations.

(4) An RSA provider who intentionally or recklessly contravenes a requirement
of this section is guilty of an offence punishable on conviction by a fine not
exceeding 100 penalty units.