Unclaimed super obligations
APRA funds have reporting and payment obligations under the Superannuation (Unclaimed Money and Lost Members) Act 1999 (SUMLMA).
Funds are also obliged to take a member's individual circumstances into account, in line with the Superannuation Industry (Supervision) Act 1993.
Twice a year, you must 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 inactive accounts of unidentifiable members
- inactive low-balance accounts.
Members can see all USM amounts online where 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.