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

Schedule 1   Eligible rollover funds

Superannuation (Unclaimed Money and Lost Members) Act 1999

26   Subsection 17(1B)

Repeal the subsection, substitute:

(1B) Subsection (1) does not require the superannuation provider to pay the Commissioner:

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

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

Note: An amount mentioned in paragraph (1B)(a) is payable to the Commissioner under section 20F.