Commonwealth Consolidated Acts

SMALL SUPERANNUATION ACCOUNTS ACT 1995 - SECT 61A

  (1)   The Commissioner of Taxation may pay the balance of an individual's account to:

  (a)   an RSA of the individual; or

  (b)   the trustee of a complying superannuation fund for crediting to an account of the individual within that fund.

  (2)   To avoid doubt, the Commissioner of Taxation may make the payment under subsection   (1) without a request from the individual under section   61.

  (3)   The Special Account is debited for the purposes of making the payment under subsection   (1).

  (4)   When the payment under subsection   (1) is made, the individual's account is debited by the amount of the payment.

  (5)   In this section:

"trustee" of a superannuation fund means:

  (a)   if there is a trustee (within the ordinary meaning of that expression) of the fund--the trustee; or

  (b)   otherwise--the person who manages the fund.