Small Superannuation Accounts Act 1995

PART 7 - WITHDRAWAL OF ACCOUNT BALANCES  

SECTION 67A   WITHDRAWAL OF ACCOUNT BALANCE - FORMER TEMPORARY RESIDENT  

67A(1)   Withdrawal request.  

This section applies to an individual ' s account if:


(a) the individual gives the Commissioner of Taxation a request (the withdrawal request ) for the withdrawal of the account balance; and


(b) the individual satisfies the Commissioner of Taxation that before, on or after the commencement of this section, the individual:


(i) was, under the Migration Act 1958 , the holder of a temporary visa that has ceased to be in effect; and

(ii) left Australia after starting to be the holder of the visa (whether the visa ceased to be in effect before, when or after the person left); and


(c) the individual satisfies the Commissioner of Taxation that the individual:


(i) is not, under the Migration Act 1958 , the holder of a permanent visa; and

(ii) is neither an Australian citizen nor a New Zealand citizen.

67A(2)   Form of withdrawal request.  

The withdrawal request must be:


(a) in writing; and


(b) in a form approved in writing by the Commissioner of Taxation.

67A(3)   Compliance with withdrawal request.  

The Commissioner of Taxation must pay to the individual an amount equal to the account balance immediately before the payment is made.

67A(4)   Special Account to be debited.  

The Special Account is debited for the purposes of making the payment.

67A(5)   Individual ' s account to be debited.  

When the payment is made, the individual ' s account is debited by the amount of the payment.

67A(6)  
(Repealed by No 27 of 2009)




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