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.