Treasury Legislation Amendment (Unclaimed Money and Other Measures)Act 2012 (176 of 2012)
Schedule 4 Superannuation
Superannuation (Unclaimed Money and Lost Members) Act 1999
2 After subsection 20H(2)
Insert:
(2AA) If the Commissioner makes a payment under subsection (2) on or after 1 July 2013, the Commissioner must also pay to the person, fund or legal personal representative the amount of interest (if any) worked out in accordance with the regulations.
(2AB) Regulations made for the purposes of subsection (2AA) may prescribe different rates for different periods over which the interest accrues. For this purpose, rate includes a nil rate.
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