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

55   Section 62 (simplified outline)

Omit:

• The balance of an individual’s account may be withdrawn if: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:

• The balance of an individual’s account may be withdrawn if the individual is a former temporary resident.