Commonwealth Consolidated Acts

SMALL SUPERANNUATION ACCOUNTS ACT 1995 - SECT 91F

Division   2 of Part   7 does not apply

  (1)   Division   2 of Part   7 (account frozen for 14 days after deposit) does not apply to a deposit made under this Part.

Modification of section   61 (transfer to RSA or superannuation fund at individual's request)

  (2)   To the extent to which the balance in an individual's account represents deposits made under this Part, section   61 applies to the account as if the reference in subparagraph   (2)(b)(i) to a regulated superannuation fund were a reference to a complying superannuation fund.

Section   63 does not apply

  (3)   Section   63 (withdrawal of account balance of less than $200 where individual has ceased to be employed by depositor) does not apply to an individual's account to the extent that the balance in the account represents deposits made under this Part.

Interpretation

  (4)   A reference in this section to the balance of an individual's account to the extent to which it represents deposits made under this Part   is a reference to that balance to the extent to which it represents:

  (a)   deposits made under this Part; and

  (b)   interest accruing on deposits made under this Part.