Document ID: chunk:federal_register_of_legislation:C2025C00161:section:56
Version: federal_register_of_legislation:C2025C00161
Segment Type: section
Provision Reference: s 56
Character Range: 47305–47959

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

         • There are 3 types of withdrawals of account balances:

                (a) transfers of account balances to superannuation funds or RSAs;
                (b) direct withdrawals of account balances by individuals;
                (c) withdrawals of account balances after death.

         • Under Part 8, a depositor has 14 days to apply for a refund of a deposit on the grounds that the deposit was made by mistake. During the 14‑day period, the individual's account will be frozen.

Division 2—No withdrawals for 14 days after deposit credited to account etc.