Superannuation (Unclaimed Money and Lost Members) Act 1999
View history note
Hide history noteIf the Commissioner is satisfied that an amount a superannuation provider for a fund (the first fund ) has paid to the Commissioner under section 21C in respect of a person exceeded the amount (if any) that was payable under that section in respect of the person, the Commissioner must pay the excess: (a) to the superannuation provider; or (b) to a superannuation provider for another fund if the Commissioner is satisfied that:
(i) the first fund no longer exists; and
(ii) the other fund provides rights relating to the person equivalent to those provided by the first fund.
Note:
Money for payments under this section is appropriated by section 16 of the Taxation Administration Act 1953.
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