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Small Superannuation Accounts Act 1995

No. 52, 1995

Compilation No. 29

Compilation date: 21 February 2025

                Includes amendments: Act No. 14, 2025

About this compilation

This compilation

This is a compilation of the Small Superannuation Accounts Act 1995 that shows the text of the law as amended and in force on 21 February 2025 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Editorial changes

For more information about any editorial changes made in this compilation, see the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents
Part 1—Introduction
1 Short title
2 Commencement
3 Simplified explanation
4 Definitions
5 Crown to be bound
6 Act to be administered by the Commissioner of Taxation
Part 2—Superannuation Holding Accounts Special Account
7 Simplified outline
8 Superannuation Holding Accounts Special Account
9 Special Account is not a superannuation fund
Part 3—Accounts
Division 1—Simplified outline
11 Simplified outline
Division 2—Keeping of accounts
12 Accounts
Division 3—Outline of credits and debits to accounts
13 Outline of credits to accounts
14 Outline of debits to accounts
Division 4—Opening and closing of accounts
15 Opening of accounts
16 Closing of accounts
Division 5—Rules about accounts
17 Accounts may have a nil balance
18 One account per individual
19 Account balances not held on trust etc.
Division 6—Notification of account balances
20 Notification of opening balance
21 Individual may request details of account balance
22 Annual notification of account balance
23 Notification when account balance reaches $1,200
Part 4—Deposits
24 Simplified outline
25 Deposits
26 Deposit to be accompanied by