Superannuation (Unclaimed Money and Lost Members) Act 1999

PART 3C - PAYMENT OF BALANCES IN ACCOUNTS OF ELIGIBLE ROLLOVER FUNDS TO THE COMMISSIONER  

Division 2 - Statements on accounts of eligible rollover funds  

SECTION 21B   ERRORS OR OMISSIONS IN STATEMENTS  

21B(1)  
A superannuation provider who becomes aware of a material error, or material omission, in any information in a statement of the superannuation provider under section 21A must give the corrected or omitted information to the Commissioner.

21B(2)  
The corrected or omitted information must be given:

(a)  in the approved form; and

(b)  no later than 30 days after the superannuation provider becomes aware of the error or omission.

Note 1:

The Commissioner may defer the time for giving the information: see section 388-55 in Schedule 1 to the Taxation Administration Act 1953 .

Note 2:

The Taxation Administration Act 1953 provides for offences and administrative penalties if the information is not given when it must be: see sections 8C and 8E of that Act and Division 286 in Schedule 1 to that Act.




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