Small Superannuation Accounts Act 1995

PART 12B - PPL SUPERANNUATION CONTRIBUTIONS  

SECTION 91N   WITHDRAWAL OF ACCOUNT BALANCES  

Division 2 of Part 7 does not apply

91N(1)    
Division 2 of Part 7 (account frozen for 14 days after deposit) does not apply to a deposit made under this Part.

Modification of section 61 (transfer to RSA or superannuation fund at individual ' s request)

91N(2)    
To the extent to which the balance in an individual ' s account represents deposits made under this Part, section 61 applies to the account as if the reference in subparagraph (2)(b)(i) to a regulated superannuation fund were a reference to a complying superannuation fund.

Section 63 does not apply

91N(3)    
Section 63 (withdrawal of account balance of less than $200 where individual has ceased to be employed by depositor) does not apply to an individual ' s account to the extent that the balance in the account represents deposits made under this Part.

Interpretation

91N(4)    
A reference in this section to the balance of an individual ' s account to the extent to which it represents deposits made under this Part is a reference to that balance to the extent to which it represents:

(a)    deposits made under this Part; and

(b)    interest accruing on deposits made under this Part.