Small Superannuation Accounts Act 1995

PART 4 - DEPOSITS

SECTION 31

31 CONSEQUENCES OF FALSE DECLARATIONS ETC.
If the deposit is accompanied by a deposit form, or a purported deposit form, that:

(a) contains a declaration, or information, that is false or misleading; or

(b) has some other defect or irregularity;

that circumstance does not result in the invalidity of the deposit. However, it may result in the deposit being refunded under Part 8 .

A false or misleading statement may result in criminal liability under Part III of the Taxation Administration Act 1953 .

A false or misleading declaration may result in an employer being denied:

(a) an income tax deduction under section 82AAF of the Income Tax Assessment Act 1936 ; and

(b) concessional treatment under section 23 of the Superannuation Guarantee (Administration) Act 1992 .