South Australian Repealed Acts

This legislation has been repealed.

SOUTHERN STATE SUPERANNUATION ACT 1994 - SECT 35AAC

35AAC—Withheld amount

An amount withheld under section 35AA or 35AAB—

            (a)         must be retained in the Southern State Superannuation (Employers) Fund; and

            (b)         will be credited with interest at the rate of return determined by the Board under section 11; and

            (c)         may be paid to the member (or the member's spouse or legal representative)—

                  (i)         in accordance with section 35AA or 35AAB; or

                  (ii)         at the direction of the Board if the Board—

                        (A)         has not, within 2 years of withholding the amount, received advice that a surcharge notice has been issued in respect of the member; or

                        (B)         considers, at any time, there is other good reason for doing so.