Commonwealth Consolidated Acts

SMALL SUPERANNUATION ACCOUNTS ACT 1995 - SECT 31

    If the deposit is accompanied by a deposit form, or a purported deposit form, that:

  (a)   contains a declaration, or information, that is false or misleading; or

  (b)   has some other defect or irregularity;

that circumstance does not result in the invalidity of the deposit. However, it may result in the deposit being refunded under Part   8.

Note 1:   A false or misleading statement may result in criminal liability under Part   III of the Taxation Administration Act 1953 .

Note 2:   A false or misleading declaration may result in an employer being denied:

(a)   an income tax deduction under section   82AAF of the Income Tax Assessment Act 1936 ; and

(b)   concessional treatment under section   23 of the Superannuation Guarantee (Administration) Act 1992 .