Small Superannuation Accounts Act 1995

PART 3 - ACCOUNTS  

Division 5 - Rules about accounts  

SECTION 18   ONE ACCOUNT PER INDIVIDUAL  

18(1)   Only one account.  

Only one account may be kept in respect of a particular individual.

18(2)   Amalgamation etc.  

A contravention of subsection (1) does not affect the validity of an account. However, if the Commissioner of Taxation becomes aware that 2 or more accounts are being kept in respect of the same individual, the Commissioner of Taxation must amalgamate the accounts into a single account.