Treasury Laws Amendment (2020 Measures No. 5) Act 2020 (118 of 2020)
Schedule 2 Payment of amounts to KiwiSaver scheme provider
Part 1 Main amendments
Income Tax Assessment Act 1997
6 At the end of Subdivision 312-C
Add:
312-20 Superannuation benefits paid by Commissioner to KiwiSaver schemes
An *unclaimed money payment that you are taken to receive under section 307-15 because it is paid to a KiwiSaver scheme provider by the Commissioner in accordance with the Superannuation (Unclaimed Money and Lost Members) Act 1999 is not assessable income and is not *exempt income.
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