SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 6.20C Cashing of benefits in a regulated superannuation fund--payment to Commissioner of Taxation

SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994 - REG 6.20C

    If the trustee of a regulated superannuation fund is required to pay an amount to the Commissioner of Taxation under the Superannuation (Unclaimed Money and Lost Members) Act 1999 , or chooses to pay an amount to the Commissioner of Taxation under Part   3D of that Act, for a person's superannuation interest in the fund, the amount must be cashed in favour of the Commissioner of Taxation as a lump sum.

Note:   An amount required to be paid under the Superannuation (Unclaimed Money and Lost Members) Act 1999 must be paid by the time required under that Act.