SENATE

SMALL SUPERANNUATION ACCOUNTS BILL 1995

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Ralph Willis, MP)
THIS MEMORANDUM TAKES ACCOUNT OF AMENDMENTS MADE BY THE HOUSE OF REPRESENTATIVES TO THE BILL AS INTRODUCED

Chapter 10 - Review of decisions

10.1 This chapter provides an explanation of avenues of reviewing the Commissioner's decisions made under provisions of this Bill.

Explanation of the provisions

10.2 A decision of the Commissioner, except a decision in relation to the rate of interest, the allocation day, the funding of interest or a decision relating to the approval of a form, is a reveiwable decision.

10.3 Where a person is disatisfied by a decision of the Commissioner they may, within 21 days of the decision, request the Commissioner to review that decision. The decision must set out the reasons for the request.

10.4 The Commissioner may confirm, revoke or vary the decision. The Commissioner must notify the individual of the decision. If the Commissioner does not confirm, revoke or vary the decision within 60 days of the receipt of the request the Commissioner is deemed to have confirmed the decision.

10.5 Where the individual is still not satisfied with the Commissioner's decision they may apply to the Administrative Appeals Tribunal (AAT) for a further review of the decision. Applications to the AAT are to be made within 28 days after the decision to which the individual is still dissatisfied was made. [Clauses 80 to 85 of Part 11]


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