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Small Superannuation Accounts Act 1995
17Accounts may have a nil balance
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#### 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(b) the balance of the account has been withdrawn under Part 7;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).