Superannuation Legislation Amendment Act (No. 2) 1999 (96 of 1999)

Schedule 1   Amendment of the Small Superannuation Accounts Act 1995

2   Section 14

Omit:

Financial hardship

• Under section 64, the balance of the account may be withdrawn and paid to the individual if the individual is in severe financial hardship.

substitute:

Receipt of Commonwealth income support payments

• Under section 64, the balance of the account may be withdrawn and paid to the individual if the individual is in receipt of Commonwealth income support payments for a sufficient period.