Superannuation (Unclaimed Money and Lost Members) Act 1999

PART 3C - PAYMENT OF BALANCES IN ACCOUNTS OF ELIGIBLE ROLLOVER FUNDS TO THE COMMISSIONER  

Division 4 - Various rules for special cases  

SECTION 21F  

21F   REFUND OF OVERPAYMENT MADE BY SUPERANNUATION PROVIDER  
If the Commissioner is satisfied that an amount a superannuation provider for a fund (the first fund ) has paid to the Commissioner under section 21C in respect of a person exceeded the amount (if any) that was payable under that section in respect of the person, the Commissioner must pay the excess:

(a)    to the superannuation provider; or

(b)    to a superannuation provider for another fund if the Commissioner is satisfied that:


(i) the first fund no longer exists; and

(ii) the other fund provides rights relating to the person equivalent to those provided by the first fund.
Note:

Money for payments under this section is appropriated by section 16 of the Taxation Administration Act 1953.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.