Document ID: chunk:federal_register_of_legislation:F2020L01004:reg:8
Version: federal_register_of_legislation:F2020L01004
Segment Type: reg
Provision Reference: reg 8
Character Range: 3437–4715

8  Purposes of the special account
  For paragraph 78(1)(c) of the Act, the purposes of the special account, in relation to which amounts may be debited from the special account, are:
          (a)                     to make payments on behalf of small business employers to:
              (i)            superannuation funds (within the meaning of the Superannuation Industry (Supervision) Act 1993); and
              (ii)            retirement savings accounts (within the meaning of the Retirement Savings Accounts Act 1997); and
              (iii)            superannuation schemes (within the meaning of the Superannuation Guarantee (Administration) Act 1992);
          (b)                     to repay to an original payer amounts credited to the special account, including the residual after any necessary payments are made for the purpose mentioned in paragraph (a);
          (c)                     to reduce the balance of the special account (and, therefore, the available appropriation for the special account) without making a real or notional payment;
          (d)                     to repay an amount where a court order, Act or other law requires or permits the repayment of an amount received.

Part 3—Transitional, revocation and repeal provisions