Small Superannuation Accounts Act 1995

PART 6 - CREDITING OF INTEREST  

Division 6 - Interest not to accrue in certain cases  

SECTION 52  

52   SIMPLIFIED OUTLINE  
The following is a simplified outline of this Division:

  • • Interest will not accrue to an account in the following cases:
  • (a) a deposit is refunded;
  • (b) a shortfall component is incorrectly credited to the account;
  • (c) the $1,200 limit has been avoided by the use of multiple accounts.