Superannuation (Unclaimed Money and Lost Members) Act 1999
PART 3A
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PAYMENT OF UNCLAIMED SUPERANNUATION OF FORMER TEMPORARY RESIDENTS
Division 1
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Preliminary
SECTION 20A
20A
SIMPLIFIED OUTLINE
The following is a simplified outline of this Part:
(a) give the Commissioner a statement about the interest by the next date set for the purpose by the Commissioner; and
(b) pay the Commissioner the amount that would have been payable from the fund to the person if the person had requested payment in connection with his or her departure from Australia, reduced by amounts already payable in respect of the person.
View history note
Hide history noteThe following is a simplified outline of this Part:
The Commissioner must give the superannuation provider for a fund a notice if the Commissioner is satisfied that a former temporary resident has a superannuation interest in the fund.
If the Commissioner gives such a notice, the superannuation provider must:
On payment, the superannuation provider ceases to be liable for the amount paid.
The person can claim the amount (and interest, in some cases) from the Commissioner.
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