Document ID: chunk:federal_register_of_legislation:C2025C00161:section:11
Version: federal_register_of_legislation:C2025C00161
Segment Type: section
Provision Reference: s 11
Character Range: 15459–16106

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

         • Notional accounts are to be kept within the Special Account in the names of particular individuals.
         • Section 13 outlines credits to accounts.
         • Section 14 outlines debits to accounts.
         • The Commissioner of Taxation may open or close an account.
         • Accounts may have a nil balance.
         • An individual may only have one account.
         • Account balances are not held on trust.
         • An individual's account balance will be notified to the individual in certain circumstances.

Division 2—Keeping of accounts