17Accounts may have a nil balance

17 Accounts may have a nil balance

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might have a nil balance: (a) no money has been credited to the account; (b) the balance of the account has been withdrawn under Part 7; (c) the balance of the account has been refunded to an employer or former employer under Part 8; (d) the balance of the account has been debited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).