I believe anything over the $1.6m stays in the pension account...

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    I believe anything over the $1.6m stays in the pension account and anything over the $1.6M you pay 15% tax at the End Finanical Year so no there are not two accounts held as totals vary week by week basically the accumulation account its a paper virtual account with the ATO knowing what you got otherwise it get messy with bank accounts
 
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