Small Superannuation Accounts Act 1995


Division 3 - Timing of withdrawals  


60(1)   24-hour delay.  

If a request is made under this Part, the Commissioner of Taxation must wait at least 24 hours before complying with the request.


This delay enables interest to be credited to the account.

60(2)   When withdrawal occurs.  

For the purposes of this Act, the balance of an account is taken to have been withdrawn at the time when a payment is made under this Part in respect of the account.


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