Commonwealth Consolidated Acts

SMALL SUPERANNUATION ACCOUNTS ACT 1995 - SECT 31

                   If the deposit is accompanied by a deposit form, or a purported deposit form, that:

                     (a)  contains a declaration, or information, that is false or misleading; or

                     (b)  has some other defect or irregularity;

that circumstance does not result in the invalidity of the deposit. However, it may result in the deposit being refunded under Part 8.

Note 1:       A false or misleading statement may result in criminal liability under Part III of the Taxation Administration Act 1953 .

Note 2:       A false or misleading declaration may result in an employer being denied:

(a)           an income tax deduction under section 82AAF of the Income Tax Assessment Act 1936 ; and

(b)           concessional treatment under section 23 of the Superannuation Guarantee (Administration) Act 1992 .