Commonwealth Numbered Acts

RETIREMENT SAVINGS ACCOUNTS ACT 1997 No. 61, 1997 - SECT 65

(1) An RSA provider must make such arrangements as are necessary to enable an
approved auditor to give the RSA provider, within the prescribed period after
the end of each year of income, a report in the approved form on the degree of
compliance by the RSA provider with the provisions of this Act and the
regulations specified in the form.

(2) A person who intentionally or recklessly contravenes subsection (1) is
guilty of an offence punishable on conviction by imprisonment for 2 years.

(3) Without limiting the generality of subsection (1), an approved form must
include a statement by the auditor as to whether, in the opinion of the
auditor, the RSA provider has complied with the provisions of this Act and the
regulations, specified in the form, during that year of income.

(4) The auditor must give the report to the RSA provider within the period
referred to in subsection (1).

(5) A person who intentionally or recklessly contravenes subsection (4) is
guilty of an offence punishable on conviction by imprisonment for 6 months.