Commonwealth Consolidated Acts

SMALL SUPERANNUATION ACCOUNTS ACT 1995 - SECT 19

             (1)  Money credited to an individual's account:

                     (a)  is not held on trust; and

                     (b)  is not special public money for the purposes of section 16 of the Financial Management and Accountability Act 1997 .

             (2)  The Commonwealth is not liable to pay, repay or refund money credited to an individual's account except as provided by this Act.

Note:          Under section 69A of the Superannuation Guarantee (Administration) Act 1992 , if a shortfall component of superannuation guarantee charge has been incorrectly credited to an individual's account, the account may be debited for the purposes of reversing the credit.