CTHIn ForceAct
Small Superannuation Accounts Act 1995
60Timing of withdrawals
Start here
Get a plain-English read of 60
Turn the raw legal text into a practical explanation grounded in Small Superannuation Accounts Act 1995.
#### 60 Timing of withdrawals
24‑hour delay
(1) If a request is made under this Part, the Commissioner of Taxation must wait at least 24 hours before complying with the request.
> Note: This delay enables interest to be credited to the account.
When withdrawal occurs
(2) For the purposes of this Act, the balance of an account is taken to have been withdrawn at the time when a payment is made under this Part in respect of the account.