Depending upon your circumstances, your unclaimed superannuation money may be:
- paid to you by cheque
- paid into a complying superannuation plan.
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A complying superannuation plan may be a:
- complying superannuation fund
- public sector superannuation scheme
- complying approved deposit fund
- retirement savings account.
To check whether your superannuation fund is a complying superannuation fund, visit www.abn.business.gov.au and use the Super Fund lookup.
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If you are claiming more than one unclaimed superannuation money amount and you are not a former temporary resident, you may nominate a different option for each unclaimed superannuation amount. If you choose to do this, you must write the payment option details for each amount on a separate page, including the name of the original superannuation fund that paid the unclaimed superannuation amount to us, and attach it to this form.
Where you have been identified as a former temporary resident, your unclaimed superannuation money is generally payable to you as a departing Australia superannuation payment; otherwise, your unclaimed superannuation money is payable to you as a superannuation lump sum payment.
If you are the holder of a temporary visa that has ceased to be in effect (has expired or been cancelled), you can nominate to have your unclaimed superannuation money paid to a complying superannuation plan only if you now:
- hold a permanent Australian visa
- are an Australian or New Zealand citizen, or
- hold a prescribed Australian visa.
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For more information, visit www.ato.gov.au and search for 'former temporary resident unclaimed super'.
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Option 1 - Payments by cheque
Payments made by cheque will be sent to the postal address you provided in question 8.
Option 2 - Payments to a complying superannuation plan
If you choose to have your unclaimed superannuation money paid into a complying superannuation plan, you will need to complete the relevant fund details. You should check with your fund whether it is able to receive unclaimed superannuation payments.
You need to consider all relevant information before you make a decision to have any unclaimed superannuation money paid into a complying superannuation plan, including:
- fees - your fund may charge you entry or deposit fees on payment
- death and disability benefits - your fund may not offer insurance, or may require you to pass a medical examination before they cover you. You should consider the costs and amount of any cover offered.
(Disclaimer: this information does not constitute financial advice. Should you need financial assistance, seek professional advice.)
If you ask for such information, your superannuation fund must provide it to you.
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Payments of unclaimed superannuation money you receive from us are subject to the same withholding tax obligations as benefits paid by a superannuation fund. If you choose to receive a payment directly, we may be required to withhold tax at the relevant rate.
For further information on:
- departing Australia superannuation payments, visit www.ato.gov.au and search for 'former temporary resident'
- superannuation lump sum payments, refer to Tax table for superannuation lump sums (NAT 70981). To obtain a copy of this publication, see More information
- payments to you where you have a terminal medical condition, visit www.ato.gov.au and search for 'terminal medical condition'.
If you do not provide your tax file number, we may withhold an amount up to the highest marginal tax rate (plus Medicare levy) from your superannuation lump sum payment.
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Last Modified: Tuesday, 6 March 2012