RSA Data and Payment Standards 2013 (Cth)

RSA Data and Payment Standards 2013

as amended

made under subsection 45B(3) of the Retirement Savings Accounts Act 1997.

This compilation was prepared on 25 November 2016 taking into account amendments up to RSA Data and Payment Standards (Payments and Information from the Commissioner of Taxation) Amendment 2016 (F2016L01738).

Compilation date 12 November 2016

Compilation number 2

Prepared by Superannuation Business Line, Australian Taxation Office.

1 Name of Standard

This Standard is the RSA Data and Payment Standards 2013.

2 Commencement

This Standard commences on the day after its registration on the Federal Register of Legislative Instruments.

3 Application

This Standard determines the standards[1] relating to data and payment matters relating to RSAs[2].

4 Who is covered by this Standard

This Standard is applicable to:

(a) RSA providers; and

(b) employers in their dealings with RSA providers.[3]

5 When the Standard applies

Subject to clause 6, this Standard applies to conduct by an entity as follows:

(a) an RSA provider, in relation to rollovers and transfers as the transferring entity or receiving entity, on and after 1 July 2013;

(b) an RSA provider, in relation to receiving contributions from employers, on and after 1 July 2014;

(c) an RSA provider, in relation to receiving payments from, and returning amounts required to be repaid to, the Commissioner of Taxation on and after 14 November 2016;

(d) a medium to large employer, in relation to contributions for an employee, on and after 1 July 2014; and

(e) a small employer, in relation to contributions for an employee, on and after 1 July 2015.