Treasury Laws Amendment (2020 Measures No. 5) Act 2020 (118 of 2020)

Schedule 2   Payment of amounts to KiwiSaver scheme provider

Part 1   Main amendments

Income Tax Assessment Act 1997

6   At the end of Subdivision 312-C

Add:

312-20 Superannuation benefits paid by Commissioner to KiwiSaver schemes

An *unclaimed money payment that you are taken to receive under section 307-15 because it is paid to a KiwiSaver scheme provider by the Commissioner in accordance with the Superannuation (Unclaimed Money and Lost Members) Act 1999 is not assessable income and is not *exempt income.