Tax Laws Amendment (Simplified Superannuation) Act 2007 (9 of 2007)

Schedule 7   Portability and unclaimed money

Superannuation (Unclaimed Money and Lost Members) Act 1999

6   Subsection 13(1)

Repeal the subsection, substitute:

(1) A superannuation provider in relation to a fund must make reasonable efforts to contact a member of the fund if:

(a) paragraphs 12(1)(a) and (c) are satisfied in relation to the member; and

(b) 5 years have passed since the provider last had contact with the member.

Note: The heading to section 13 is amended by omitting “ to ensure that the member receives the benefit ” and substituting “ to contact the member or to ensure that a benefit is received ”.