s 17
In forceAccounts may have a nil balance
Part 3Accounts
Division 5Rules about accounts
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the balance of the account has been withdrawn under Part 7;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).
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