Treasury Laws Amendment (Reuniting More Superannuation) Act 2021 (24 of 2021)

Schedule 1   Eligible rollover funds

Superannuation (Unclaimed Money and Lost Members) Act 1999

25   Subsection 16(7)

Repeal the subsection (including the note), substitute:

Exceptions

(7) This section does not apply to:

(a) unclaimed money described in subsection 12(1) payable to a person identified in a notice the Commissioner has given the superannuation provider under section 20C; or

(b) an amount payable to the Commissioner in respect of an eligible rollover fund member under section 21C.

Note 1: Section 20E requires the superannuation provider to give the Commissioner a statement about the superannuation interest of a person identified in a notice given to the provider under section 20C (which is about notices identifying former temporary residents).

Note 2: Section 21A requires the superannuation provider to give the Commissioner statements about eligible rollover fund accounts.