Superannuation Industry (Supervision) Amendment Regulations 2008 (No. 4) (282 of 2008)

Schedule 1   Amendments commencing on commencement of Temporary Residents' Superannuation Legislation Amendment Act 2008

[46]   Schedule 1, item 204

substitute

204

Former temporary resident to whom regulation 6.24A applies, requesting in writing the release of his or her benefits

Amount that is at least the amount of the temporary resident's withdrawal benefit in the fund, paid:

(a) as a single lump sum; or

(b) if the fund receives any combination of contributions, transfers and rollovers after cashing the benefits - in a way that ensures that the amount is cashed

204A

The trustee is required to pay an amount to the Commissioner of Taxation under the Superannuation (Unclaimed Money and Lost Members) Act 1999 for the member's superannuation interest in the fund

Amount that the trustee is required to pay to the Commissioner of Taxation under the Superannuation (Unclaimed Money and Lost Members) Act 1999 for the member's superannuation interest in the fund, paid as a single lump sum to the Commissioner


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