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Small Superannuation Accounts Act 1995

PART 6 - CREDITING OF INTEREST  

Division 5 - Crediting of interest  

SECTION 48  

48   SIMPLIFIED OUTLINE  
The following is a simplified outline of this Division:

  • • Interest accrues to an account on the daily balance of the account. Interest only accrues on the first $1,200 of the balance of the account.
  • • Interest is credited each quarter on the allocation day.

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