Treasury Laws Amendment (2021 Measures No. 5) Act 2021 (127 of 2021)

Schedule 3   Miscellaneous and technical amendments

Part 3   Other amendments

Division 2   KiwiSaver scheme

Superannuation (Unclaimed Money and Lost Members) Act 1999

81   After subsection 20H(2)

Insert:

(2AAA) Despite paragraph (2)(b), the Commissioner must not pay the excess to a single fund if the excess includes a New Zealand-sourced amount and either:

(a) the fund is a self managed superannuation fund; or

(b) the superannuation provider for the fund has not notified the Commissioner, in the approved form, that the fund accepts New Zealand-sourced amounts.