Small Superannuation Accounts Act 1995

SECTION 35 CREDITING OF DEPOSITS  
35(1) Steps to be applied.  

The following steps must be applied if a deposit, or purported deposit, is made in respect of an individual.

35(2) Step 1 - Credit to Consolidated Revenue Fund.  

The deposit or purported deposit is to be credited to the Consolidated Revenue Fund.

Note:

Under section 81 of the Constitution, money received by the Commonwealth must be paid into the Consolidated Revenue Fund.

35(3) Step 2 - Transfer to Reserve.  

An amount equal to the deposit or purported deposit is to be transferred from the Consolidated Revenue Fund to the Reserve.

35(4) Step 3 - Credit to account.  

As soon as practicable after the amount is transferred to the Reserve under subsection (3), the individual's account is to be credited with an amount equal to the deposit or purported deposit.