Lost members statements – penalties

The Superannuation (Unclaimed Money and Lost Members) Act 1999 and the Taxation Administration Act 1953 (TAA 1953) provide for offences and administrative penalties if you:

  • don't lodge your LMS on time
  • provide an LMS that is false or misleading
  • fail to keep records correctly.

See also:

Last modified: 08 Sep 2015QC 24765