SMALL SUPERANNUATION ACCOUNTS ACT 1995

PART 7 - WITHDRAWAL OF ACCOUNT BALANCES  

Division 4 - Transfer of account balances to RSAs and superannuation funds  

SECTION 61A   COMMISSIONER MAY TRANSFER ACCOUNT BALANCE TO RSA OR SUPERANNUATION FUND  

61A(1)   [Transfer of balance]  

The Commissioner of Taxation may pay the balance of an individual's account to:


(a) an RSA of the individual; or


(b) the trustee of a complying superannuation fund for crediting to an account of the individual within that fund.

61A(2)   [Request under sec 61]  

To avoid doubt, the Commissioner of Taxation may make the payment under subsection (1) without a request from the individual under section 61 .

61A(3)   [Special Account]  

The Special Account is debited for the purposes of making the payment under subsection (1).

61A(4)   [Individual's account]  

When the payment under subsection (1) is made, the individual's account is debited by the amount of the payment.

61A(5)   [Interpretation]  

In this section:

trustee
of a superannuation fund means:


(a) if there is a trustee (within the ordinary meaning of that expression) of the fund - the trustee; or


(b) otherwise - the person who manages the fund.


 

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