Treasury Laws Amendment (Protecting Your Superannuation Package) Act 2019 (16 of 2019)

Schedule 3   Inactive low-balance accounts and consolidation into active accounts

Part 2   Application and transitional provisions

38   Application of this Schedule

(1) The amendments made by this Schedule apply in relation to unclaimed money days that occur on or after 30 June 2019.

(2) However, a period during which a member's account in a fund is inactive is to be taken into account for the purposes of paragraph 20QA(1)(a) of the Superannuation (Unclaimed Money and Lost Members) Act 1999, as inserted by item 8 of this Schedule, even if the period begins before 30 June 2019.