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  • Unclaimed super

    Legislative changes

    Accounts held in Eligible Rollover Funds

    Trustees of eligible rollover funds (ERF) need to, on 1 June 2021, identify accounts with a balance below $6,000 (ERF low-balance accounts), then report and pay them to the ATO by 30 June 2021. All remaining accounts are to be reported and paid by 31 January 2022.

    From 1 May 2021, no further amounts can be transferred to ERF.

    For more information on this measure, refer to Eligible Rollover Funds.

    Trustee voluntary payments

    Other superannuation providers can make voluntary payments of other amounts to the ATO for a member, former member or non-member spouse if you believe it would be in the best interest of these individuals.

    For more information on this measure, refer to Trustee voluntary payments of other amounts.

    Current obligations

    Twice a year, you report and pay to us:

    • unclaimed super of members aged 65 years or older, non-member spouses and deceased members
    • unclaimed super of former temporary residents
    • small lost member accounts and insoluble lost member accounts
    • inactive low-balance accounts.

    We use this information to update the USM register (viewable in ATO online services) through which these amounts can be claimed.

    Members are able to see if they have any USM when we can match these accounts to their tax file number (TFN). By showing their USM on our online services, they can find their super more easily and make an informed decision about consolidating their super money.

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    Last modified: 23 Sep 2021QC 24734