Treasury Laws Amendment (2021 Measures No. 5) Act 2021 (127 of 2021)
Schedule 3 Miscellaneous and technical amendments
Part 3 Other amendments
Division 2 KiwiSaver scheme
Superannuation (Unclaimed Money and Lost Members) Act 1999
75 Section 7
Omit:
If the Commissioner is satisfied he or she has received a payment under this Act for such a member, the Commissioner must pay the amount he or she has received (and interest, in some cases) to the member, to a fund identified by the member or, if the member has died, to the member's death beneficiaries or legal personal representative.
substitute:
If the Commissioner is satisfied the Commissioner has received a payment under this Act for such a member, the Commissioner must pay the amount received (and interest, in some cases) to:
(a) the member; or
(b) a fund identified by the member; or
(c) a KiwiSaver scheme provider identified by the member; or
(d) if the member has died - the member's death beneficiaries or legal personal representative.
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