Tax Laws Amendment (2009 Measures No. 1) Act 2009 (27 of 2009)

Schedule 2   Unclaimed superannuation money

Part 2   Other amendments

Small Superannuation Accounts Act 1995

54   Section 14 (simplified outline)

Omit:

Permanent departure from Australia

• The balance of the amount standing to the credit of an individual’s account may be debited from the Special Account if:

(a) the individual was the holder of an eligible temporary residents visa that has expired or been cancelled; and

(b) the individual has permanently departed from Australia.

substitute:

Former temporary resident

• The balance of the amount standing to the credit of an individual’s account may be debited from the Special Account if the individual is a former temporary resident.