SMALL SUPERANNUATION ACCOUNTS ACT 1995
Table of Provisions
- 1 Short title
- 2 Commencement
- 3 Simplified explanation
- 4 Definitions
- 5 Crown to be bound
- 6 Act to be administered by the Commissioner of Taxation
- 7 Simplified outline
- 8 Establishment of Superannuation Holding Accounts Reserve
- 9 Reserve is not a superannuation fund
- 10 Appropriation of Reserved Money Fund
- 11 Simplified outline
- 12 Accounts
- 13 Outline of credits to accounts
- 14 Outline of debits to accounts
- 15 Opening of accounts
- 16 Closing of accounts
- 17 Accounts may have a nil balance
- 18 One account per individual
- 19 Account balances not held on trust etc.
- 20 Notification of opening balance
- 21 Individual may request details of account balance
- 22 Annual notification of account balance
- 23 Notification when account balance reaches $1,200
- 24 Simplified outline
- 25 Deposits
- 26 Deposit to be accompanied by deposit form
- 27 Deposit to be made by employer or former employer
- 28 Deposit to be instead of superannuation contributions
- 29 Deposit to be consistent with other laws etc.
- 30 Age limit
- 31 Consequences of false declarations etc.
- 32 Deposit form may deal with multiple payments
- 33 Deposit not held on trust etc.
- 34 Simplified outline
- 35 Crediting of deposits
- 36 Simplified outline
- 37 Simplified outline
- 38 Gross interest amount
- 39 Net interest amount
- 40 Simplified outline
- 41 Transfer of net interest amount from the Consolidated Revenue Fund to the Reserve
- 42 Unallocated Interest Pool
- 43 Supplementation of Unallocated Interest Pool
- 44 Re-transfer of unallocated interest to the Consolidated Revenue Fund
- 45 Simplified outline
- 46 Gazettal of allocation day and allocation rate
- 47 Calculation of the allocation rate
- 48 Simplified outline
- 49 Accrual of interest on first $1,200 of daily balance
- 50 Rate of accrual, and crediting, of interest
- 51 Rounding up
- 52 Simplified outline
- 53 Interest does not accrue on refunded deposits
- 54 Interest does not accrue on shortfall components incorrectly credited to accounts
- 55 Amalgamated accounts-no interest if $1,200 limit avoided
- 56 Simplified outline
- 57 Simplified outline
- 58 No withdrawals for 14 days after deposit credited to account etc.
- 59 No withdrawals for 14 days after shortfall component credited to account
- 60 Timing of withdrawals
- 61 Transfer to superannuation fund
- 62 Simplified outline
- 63 Withdrawal of account balance of less than $500, where individual has ceased to be employed by depositor etc.
- 64 Withdrawal of account balance-severe financial hardship
- 65 Withdrawal of account balance-retirement on grounds of disability
- 66 Withdrawal of account balance-individual turns 65
- 67 Withdrawal of account balance-individual not an Australian resident
- 68 Withdrawal of account balance-death of individual
- 69 Notification of refusal of requests
- 70 Recovery of account balances
- 71 Simplified outline
- 72 Refunds-false or defective deposit forms etc.
- 73 Refunds-deposit made by mistake
- 74 Recovery of refunds
- 75 Simplified outline
- 76 No activity for 10 years
- 77 Register
- 78 Simplified outline
- 79 Individual may quote his or her tax file number
- 80 Simplified outline
- 81 Reviewable decisions
- 82 Reconsideration of reviewable decisions
- 83 AAT review of Commissioner of Taxation's decisions
- 84 Modification of the Administrative Appeals Tribunal Act 1975
- 85 Statements to accompany notification of decisions
- 86 Simplified outline
- 87 Treatment of partnerships
- 88 Giving of documents to partnerships
- 89 Simplified outline
- 90 Treatment of unincorporated associations
- 91 Giving of documents to unincorporated associations
- 92 Delegation
- 93 Annual report
- 94 Regulations
- 95 Transitional-transfers from the Consolidated Revenue Fund
