1.1.S.97 Superannuation Holding Accounts Special Account
Definition
The Superannuation Holding Accounts Special Account is a government account that is used to hold and manage superannuation funds that are from small or unclaimed superannuation accounts.
This account is not a superannuation fund as it serves as a holding account until small or unclaimed super balances are claimed by an eligible superannuation fund.
Act reference: Small Superannuation Accounts Act 1995 section 8 Superannuation Holding Accounts Special Account, section 9 Special Account is not a superannuation fund