Superannuation (Unclaimed Money and Lost Members) Act 1999

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

Division 4 - Various rules for special cases  

SECTION 21F   21F   REFUND OF OVERPAYMENT MADE BY SUPERANNUATION PROVIDER  
If the Commissioner is satisfied that an amount a superannuation provider for a fund (the first fund ) has paid to the Commissioner under section 21C in respect of a person exceeded the amount (if any) that was payable under that section in respect of the person, the Commissioner must pay the excess:

(a)  to the superannuation provider; or

(b)  to a superannuation provider for another fund if the Commissioner is satisfied that:


(i) the first fund no longer exists; and

(ii) the other fund provides rights relating to the person equivalent to those provided by the first fund.
Note:

Money for payments under this section is appropriated by section 16 of the Taxation Administration Act 1953.




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