Commonwealth Numbered Acts

SMALL SUPERANNUATION ACCOUNTS ACT 1995 No. 52, 1995 - SECT 11

11. The following is a simplified outline of this Part:
. Accounts are to be kept within the Reserve in the names of particular
individuals.
. Section 13 outlines credits to accounts.
. Section 14 outlines debits to accounts.
. The Commissioner of Taxation may open or close an account.
. Accounts may have a nil balance.
. An individual may only have one account.
. Account balances are not held on trust.
. An individual's account balance will be notified to the individual in
certain circumstances.