SUPERANNUATION (UNCLAIMED MONEY AND LOST MEMBERS) ACT 1999
The Commissioner must revoke a notice given to a superannuation provider about a person under section 20C if the Commissioner is satisfied that either:
(a) the circumstances for giving the notice did not exist; or
(b) the circumstances for giving a notice about the person to the superannuation provider under that section no longer exist. Means of revocation 20J(2)
The revocation must be made by written notice given to the superannuation provider. Effect of revocation 20J(3)
If the Commissioner revokes a notice given to a superannuation provider about a person under section 20C , this Act has effect as if the notice had never been given. No revocation if payment already made 20J(4)
However, the revocation of a notice given to a superannuation provider about a person under section 20C has no effect if a condition in subsection (5) or (6) exists. 20J(5)
One condition is that, before the revocation, the superannuation provider has made a payment to the Commissioner under subsection 20F(1) because of the notice. 20J(6)
The other condition is that:
(a) notice of the revocation is given to the superannuation provider less than 28 days before the scheduled statement day by the end of which an amount would be due and payable under subsection 20F(1) because of the notice under section 20C , apart from:
(i) the revocation; and
(ia) paragraph 20F(1)(c); and
(ii) any deferral under section 255-10 in Schedule 1 to the Taxation Administration Act 1953 ; and
(b) before the end of that day, the superannuation provider:
(i) gives the Commissioner a statement purportedly under section 20E because of the notice under section 20C ; or
(ii) pays the Commissioner an amount purportedly under subsection 20F(1) because of the notice under section 20C .
Subsection (1) does not require the Commissioner to revoke a notice under section 20C if the revocation would not have effect because of subsection (4) of this section.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.