SMALL SUPERANNUATION ACCOUNTS ACT 1995 - SECT 17 Accounts may have a nil balance

SMALL SUPERANNUATION ACCOUNTS ACT 1995 - SECT 17

Nil balance

  (1)   An account may have a nil balance.

Examples

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  (b)   the balance of the account has been withdrawn under Part   7;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