Financial Framework Legislation Amendment Act 2005 (8 of 2005)

Schedule 1   Amendments relating to the Financial Management Legislation Amendment Act 1999 and Special Accounts

Part 2   Special Accounts and references to paid to the Consolidated Revenue Fund

Small Superannuation Accounts Act 1995

333   Section 35

Repeal the section, substitute:

35 Crediting of deposits

Step 1 - Credit to Special Account

(1) An amount equal to a deposit or purported deposit made in respect of an individual is to be credited to the Special Account.

Step 2 - Credit to individual's account

(2) As soon as practicable after the amount is credited to the Special Account, the individual's account is to be credited with an amount equal to the deposit or purported deposit.