Commonwealth Numbered Acts

SMALL SUPERANNUATION ACCOUNTS ACT 1995 No. 52, 1995 - SECT 19

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 1995.

(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.

(3) Paragraph (1)(b) does not have effect until the commencement of the
Financial Management and Accountability Act 1995.