Commonwealth Numbered Acts

SUPERANNUATION LEGISLATION AMENDMENT ACT 1994 No. 86, 1994 - SECT 59

59. After section 158 of the Principal Act the following section is inserted:
Payment of unclaimed money to eligible roll-over fund

"158A. If:

   (a)  a lump sum benefit is payable under this Act to a person; and

   (b)  the person fails, within 90 days after the benefit becomes payable, to
        tell the Board in writing how the person wishes the benefit to be
        paid; the Board may pay the amount of the benefit to an eligible
        roll-over fund.".