Small Superannuation Accounts Act 1995

PART 3 - ACCOUNTS  

Division 5 - Rules about accounts  

SECTION 17   ACCOUNTS MAY HAVE A NIL BALANCE  

17(1)   Nil balance.  

An account may have a nil balance.

17(2)   Examples.  

The following are examples of cases where an account might have a nil balance:

(a) no money has been credited to the account;

(b) the balance of the account has been withdrawn under Part 7 ;

(c) the balance of the account has been refunded to an employer or former employer under Part 8 ;

(d) the balance of the account has been debited from the Special Account under Part 9 (which deals with inactive accounts).