Retirement Savings Accounts Act 1997

The Retirement Savings Accounts Act 1997 outlines regulations and standards for RSA providers and employers to handle data and payments securely and transparently. Part 4A imposes compliance requirements, including providing information to the Regulator, and sets out the Regulator's powers to give directions, issue infringement notices, and conduct investigations. Part 11 deals with Tax File Numbers, outlining requirements for quotation and use, validation, and correction of errors. The Act aims to protect RSA holders' interests by safeguarding data and preventing unauthorized disclosure and use.