Document ID: chunk:federal_register_of_legislation:C2025C00161:section:16
Version: federal_register_of_legislation:C2025C00161
Segment Type: section
Provision Reference: s 16
Character Range: 22095–23339

16  Closing of accounts
  The Commissioner of Taxation may close an individual's account if the balance of the account is nil and:
 (a) the balance of the account was nil throughout the preceding period of 2 years; or
 (b) the balance of the account has been withdrawn under section 61, 65, 65A, 66, 67, 67A or 91E; or
 (c) the individual has died; or
 (d) the individual asks the Commissioner of Taxation to close the account; or
 (e) the balance of the account has been debited from the Special Account under Part 9 (which deals with inactive accounts).
Note 1: Section 61 deals with individuals who request transfer of account balances to RSAs or superannuation funds.
Note 2: Section 65 deals with individuals who retire because of disability.
Note 2A: Section 65A deals with individuals in relation to whom terminal medical conditions exist.
Note 3: Section 66 deals with individuals who have turned 65.
Note 4: Section 67 deals with individuals who are not Australian residents for income tax purposes etc.
Note 5: Section 67A deals with individuals who have permanently departed from Australia.
Note 6: Section 91E deals with debiting of accounts to recover overpayments of Government co‑contributions.

Division 5—Rules about accounts