Superannuation (Unclaimed Money and Lost Members) Act 1999
This section applies if:
(a) a superannuation provider for a fund (the first fund ) has made a payment to the Commissioner under section 20QD in respect of a person; and
(b) the Commissioner is satisfied that the amount paid exceeded the amount (if any) that was payable under that section in respect of the person. 20QJ(2)
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.
Money for payments under subsection (2) is appropriated by section 16 of the Taxation Administration Act 1953 .
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.