Document ID: chunk:federal_register_of_legislation:C2025C00161:section:24
Version: federal_register_of_legislation:C2025C00161
Segment Type: section
Provision Reference: s 24
Character Range: 26997–27825

24  Simplified outline
  The following is a simplified outline of this Part:

         • A person may make a payment to the Commissioner of Taxation under section 25 in respect of an individual. The payment is called a deposit.
         • The deposit must be accompanied by a deposit form.
         • The deposit form must include certain declarations.
         • The 2 key declarations are:

                (a) that the depositor is the employer, or former employer, of the individual; and
                (b) that the depositor is making the deposit instead of making a superannuation contribution in respect of the individual.

         • A defect in the deposit form will not result in the invalidity of the deposit.
         • A deposit form may deal with multiple payments.
         • Deposits are not held on trust.