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Small Superannuation Accounts Act 1995
- PART 1 - INTRODUCTION
- SECTION 1 SHORT TITLE
- SECTION 2 COMMENCEMENT
- SECTION 3 SIMPLIFIED EXPLANATION
- SECTION 4 DEFINITIONS
- SECTION 5 CROWN TO BE BOUND
- SECTION 6 ACT TO BE ADMINISTERED BY THE COMMISSIONER OF TAXATION
- PART 2 - SUPERANNUATION HOLDING ACCOUNTS SPECIAL ACCOUNT
- SECTION 7 SIMPLIFIED OUTLINE
- SECTION 8 SUPERANNUATION HOLDING ACCOUNTS SPECIAL ACCOUNT
- SECTION 9 SPECIAL ACCOUNT IS NOT A SUPERANNUATION FUND
- ### (Repealed) SECTION 10 APPROPRIATION OF RESERVED MONEY FUND
- PART 3 - ACCOUNTS
- Division 1 - Simplified outline
- SECTION 11 SIMPLIFIED OUTLINE
- Division 2 - Keeping of accounts
- SECTION 12 ACCOUNTS
- Division 3 - Outline of credits and debits to accounts
- SECTION 13 OUTLINE OF CREDITS TO ACCOUNTS
- SECTION 14 OUTLINE OF DEBITS TO ACCOUNTS
- Division 4 - Opening and closing of accounts
- SECTION 15 OPENING OF ACCOUNTS
- SECTION 16 CLOSING OF ACCOUNTS
- Division 5 - Rules about accounts
- SECTION 17 ACCOUNTS MAY HAVE A NIL BALANCE
- SECTION 18 ONE ACCOUNT PER INDIVIDUAL
- SECTION 19 ACCOUNT BALANCES NOT HELD ON TRUST ETC.
- Division 6 - Notification of account balances
- SECTION 20 NOTIFICATION OF OPENING BALANCE
- SECTION 21 INDIVIDUAL MAY REQUEST DETAILS OF ACCOUNT BALANCE
- SECTION 22 ANNUAL NOTIFICATION OF ACCOUNT BALANCE
- SECTION 23 NOTIFICATION WHEN ACCOUNT BALANCE REACHES $1,200
- PART 4 - DEPOSITS
- SECTION 24 SIMPLIFIED OUTLINE
- SECTION 25 DEPOSITS
- SECTION 26 DEPOSIT TO BE ACCOMPANIED BY DEPOSIT FORM
- SECTION 27 DEPOSIT TO BE MADE BY EMPLOYER OR FORMER EMPLOYER
- SECTION 28 DEPOSIT TO BE INSTEAD OF SUPERANNUATION CONTRIBUTIONS
- SECTION 29 DEPOSIT TO BE CONSISTENT WITH OTHER LAWS ETC.
- SECTION 30 AGE LIMIT
- SECTION 31 CONSEQUENCES OF FALSE DECLARATIONS ETC.
- ### (Repealed) SECTION 32 DEPOSIT FORM MAY DEAL WITH MULTIPLE PAYMENTS
- SECTION 33 DEPOSIT NOT HELD ON TRUST ETC.
- PART 5 - CREDITING OF DEPOSITS
- SECTION 34 SIMPLIFIED OUTLINE
- SECTION 35 CREDITING OF DEPOSITS
- PART 6 - CREDITING OF INTEREST
- Division 1 - Simplified outline
- SECTION 36 SIMPLIFIED OUTLINE
- Division 2 - Gross interest amount and net interest amount
- SECTION 37 SIMPLIFIED OUTLINE
- SECTION 38 GROSS INTEREST AMOUNT
- SECTION 39 NET INTEREST AMOUNT
- Division 3 - Funding of interest
- SECTION 40 SIMPLIFIED OUTLINE
- SECTION 41 CREDITING OF NET INTEREST AMOUNT TO THE SPECIAL ACCOUNT
- SECTION 42 UNALLOCATED INTEREST POOL
- SECTION 43 SUPPLEMENTATION OF UNALLOCATED INTEREST POOL
- SECTION 44 DEBITING OF UNALLOCATED INTEREST
- Division 4 - Allocation day and allocation rate
- SECTION 45 SIMPLIFIED OUTLINE
- SECTION 46 GAZETTAL OF ALLOCATION DAY AND ALLOCATION RATE
- SECTION 47 CALCULATION OF THE ALLOCATION RATE
- Division 5 - Crediting of interest
- SECTION 48 SIMPLIFIED OUTLINE
- SECTION 49 ACCRUAL OF INTEREST ON FIRST $1,200 OF DAILY BALANCE
- SECTION 50 RATE OF ACCRUAL, AND CREDITING, OF INTEREST
- SECTION 51 ROUNDING UP
- Division 6 - Interest not to accrue in certain cases
- SECTION 52 SIMPLIFIED OUTLINE
- SECTION 53 INTEREST DOES NOT ACCRUE ON REFUNDED DEPOSITS
- SECTION 54 INTEREST DOES NOT ACCRUE ON SHORTFALL COMPONENTS INCORRECTLY CREDITED TO ACCOUNTS
- SECTION 55 AMALGAMATED ACCOUNTS - NO INTEREST IF $1,200 LIMIT AVOIDED
- PART 7 - WITHDRAWAL OF ACCOUNT BALANCES
- Division 1 - Simplified outline
- SECTION 56 SIMPLIFIED OUTLINE
- Division 2 - No withdrawals for 14 days after deposit credited to account etc.
- SECTION 57 SIMPLIFIED OUTLINE
- SECTION 58 NO WITHDRAWALS FOR 14 DAYS AFTER DEPOSIT CREDITED TO ACCOUNT ETC.
- SECTION 59 NO WITHDRAWALS FOR 14 DAYS AFTER SHORTFALL COMPONENT CREDITED TO ACCOUNT
- Division 3 - Timing of withdrawals
- SECTION 60 TIMING OF WITHDRAWALS
- Division 4 - Transfer of account balances to RSAs and superannuation funds
- SECTION 61 TRANSFER TO RSA OR SUPERANNUATION FUND
- SECTION 61A COMMISSIONER MAY TRANSFER ACCOUNT BALANCE TO RSA OR SUPERANNUATION FUND
- Division 5 - Direct withdrawals of account balances by individuals
- SECTION 62 SIMPLIFIED OUTLINE
- SECTION 63 WITHDRAWAL OF ACCOUNT BALANCE OF LESS THAN $200, WHERE INDIVIDUAL HAS CEASED TO BE EMPLOYED BY DEPOSITOR ETC.
- SECTION 64 WITHDRAWAL OF ACCOUNT BALANCE - RECEIPT OF COMMONWEALTH INCOME SUPPORT PAYMENTS
- SECTION 65 WITHDRAWAL OF ACCOUNT BALANCE - RETIREMENT ON GROUNDS OF DISABILITY
- SECTION 65A WITHDRAWAL OF ACCOUNT BALANCE - TERMINAL MEDICAL CONDITION
- SECTION 66 WITHDRAWAL OF ACCOUNT BALANCE - INDIVIDUAL TURNS 65
- SECTION 67 WITHDRAWAL OF ACCOUNT BALANCE - INDIVIDUAL NOT AN AUSTRALIAN RESIDENT
- SECTION 67A WITHDRAWAL OF ACCOUNT BALANCE - FORMER TEMPORARY RESIDENT
- Division 6 - Withdrawals of account balances after death
- SECTION 68 WITHDRAWAL OF ACCOUNT BALANCE - DEATH OF INDIVIDUAL
- Division 7 - Notification of refusal of requests
- SECTION 69 NOTIFICATION OF REFUSAL OF REQUESTS
- Division 8 - Recovery of account balances
- SECTION 70 RECOVERY OF ACCOUNT BALANCES
- PART 8 - REFUNDS OF DEPOSITS
- SECTION 71 SIMPLIFIED OUTLINE
- SECTION 72 REFUNDS - FALSE OR DEFECTIVE DEPOSIT FORMS ETC.
- SECTION 73 REFUNDS - DEPOSIT MADE BY MISTAKE
- SECTION 74 RECOVERY OF REFUNDS
- PART 9 - INACTIVE ACCOUNTS
- SECTION 75 SIMPLIFIED OUTLINE
- SECTION 76 NO ACTIVITY FOR 10 YEARS
- SECTION 77 REGISTER
- PART 10 - TAX FILE NUMBERS
- SECTION 78 SIMPLIFIED OUTLINE
- SECTION 79 INDIVIDUAL MAY QUOTE HIS OR HER TAX FILE NUMBER
- PART 11 - REVIEW OF DECISIONS
- SECTION 80 SIMPLIFIED OUTLINE
- SECTION 81 REVIEWABLE DECISIONS
- SECTION 82 RECONSIDERATION OF REVIEWABLE DECISIONS
- SECTION 83 ART REVIEW OF COMMISSIONER OF TAXATION ' S DECISIONS
- SECTION 84 APPLICATION OF THE ADMINISTRATIVE REVIEW TRIBUNAL ACT 2024
- SECTION 85 STATEMENTS TO ACCOMPANY NOTIFICATION OF DECISIONS
- PART 12 - PARTNERSHIPS AND UNINCORPORATED ASSOCIATIONS
- Division 1 - Partnerships
- SECTION 86 SIMPLIFIED OUTLINE
- SECTION 87 TREATMENT OF PARTNERSHIPS
- SECTION 88 GIVING OF DOCUMENTS TO PARTNERSHIPS
- Division 2 - Unincorporated associations
- SECTION 89 SIMPLIFIED OUTLINE
- SECTION 90 TREATMENT OF UNINCORPORATED ASSOCIATIONS
- SECTION 91 GIVING OF DOCUMENTS TO UNINCORPORATED ASSOCIATIONS
- PART 12A - GOVERNMENT CO-CONTRIBUTIONS FOR LOW INCOME EARNERS
- SECTION 91A COMMISSIONER OF TAXATION MAY DEPOSIT GOVERNMENT CO-CONTRIBUTIONS FOR LOW INCOME EARNERS INTO INDIVIDUAL'S ACCOUNT
- SECTION 91B ACT GENERALLY APPLIES TO DEPOSITS UNDER THIS PART IN THE SAME WAY AS IT APPLIES TO DEPOSITS UNDER PART 4
- SECTION 91C DEPOSIT NOT HELD ON TRUST ETC.
- SECTION 91D CREDITING OF DEPOSITS
- SECTION 91E DEBITING ACCOUNT WITH OVERPAYMENT OF GOVERNMENT CO-CONTRIBUTION
- SECTION 91F WITHDRAWAL OF ACCOUNT BALANCES
- SECTION 91G REFUNDS OF DEPOSITS
- PART 12B - PPL SUPERANNUATION CONTRIBUTIONS
- SECTION 91H COMMISSIONER OF TAXATION MAY DEPOSIT PPL SUPERANNUATION CONTRIBUTION INTO INDIVIDUAL ' S ACCOUNT
- SECTION 91J ACT GENERALLY APPLIES TO DEPOSITS UNDER THIS PART IN THE SAME WAY AS IT APPLIES TO DEPOSITS UNDER PART 4
- SECTION 91K DEPOSIT NOT HELD ON TRUST ETC.
- SECTION 91L CREDITING OF DEPOSITS
- SECTION 91M DEBITING ACCOUNT WITH OVERPAYMENT OF PPL SUPERANNUATION CONTRIBUTION
- SECTION 91N WITHDRAWAL OF ACCOUNT BALANCES
- SECTION 91P REFUNDS OF DEPOSITS
- PART 13 - MISCELLANEOUS
- SECTION 92 DELEGATION
- SECTION 93 ANNUAL REPORT
- SECTION 94 REGULATIONS
- ### (Repealed) SECTION 95 TRANSITIONAL - TRANSFERS FROM THE CONSOLIDATED REVENUE FUND
- SCHEDULE
- 1 Basic definition
- 2 Company directors
- 3 Contract workers
- 4 Members of the Parliament of the Commonwealth
- 5 Members of the Parliament of a State
- 6 Members of the ACT Legislative Assembly
- 7 Members of the Northern Territory Legislative Assembly
- 8 Performers and sportspersons etc.
- 9 Office holders etc.
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