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
358 Section 75 (simplified outline)
Repeal the simplified outline, substitute:
• If an individual's account is inactive for 10 years, the account balance is to be debited from the Special Account.
• The individual may claim the account balance from the Commissioner of Taxation.
• The Commissioner of Taxation must keep a register of individuals' account balances debited.
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