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Home/Legislation/Small Superannuation Accounts Act 1995/48

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Small Superannuation Accounts Act 1995

48Simplified outline

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#### 48 Simplified outline The following is a simplified outline of this Division: • Interest accrues to an account on the daily balance of the account. Interest only accrues on the first $1,200 of the balance of the account. • Interest is credited each quarter on the allocation day.

Previous section47Calculation of the allocation rate Next section49Accrual of interest on first $1,200 of daily balance

Section 48 - Small Superannuation Accounts Act 1995 - Simplified outline — Zoe