UNCLAIMED MONEY ACT 1995 - SECT 13B
Return and payment of unclaimed superannuation benefits to Chief Commissioner
UNCLAIMED MONEY ACT 1995 - SECT 13B
Return and payment of unclaimed superannuation benefits to Chief Commissioner
13B Return and payment of unclaimed superannuation benefits to Chief
Commissioner
(1) A public sector superannuation provider must lodge with the Chief
Commissioner a return, in a form approved by the Chief Commissioner, of all
unclaimed superannuation benefits in the fund that is managed or provided by
the public sector superannuation provider as at the end of each half-year.
(2) The public sector superannuation provider must lodge the return--
(a) in
relation to a half-year ending on 30 June, on or before the following 1
November, and
(b) in relation to a half-year ending on 31 December, on or
before the following 1 May,
or on or before such later date as the Chief
Commissioner may in a particular case allow by notice in writing to the public
sector superannuation provider whether before or after 1 November or 1 May, as
the case requires.
(3) If, after the end of a half-year and before the public
sector superannuation provider lodges the return with the Chief Commissioner,
the public sector superannuation provider pays any unclaimed superannuation
benefit to a person who is entitled to it, the return must contain such
particulars relating to the amounts so paid as are required by the form.
(4)
The public sector superannuation provider, when lodging the return, must pay
to the Chief Commissioner an amount equal to the sum of the unclaimed
superannuation benefits specified in the statement less the sum of amounts
paid by the public sector superannuation provider and specified in accordance
with subsection (3).
(5) The Chief Commissioner is to pay money received
under this section into the Consolidated Fund.
(6) An approval by the Chief
Commissioner of a form or return for the purposes of this section--
(a) may
require the return to contain the tax file number of--
(i) the public sector
superannuation scheme, and
(ii) a member of the public sector superannuation
scheme if the return relates to the member and the member has quoted his or
her tax file number to the public sector superannuation provider, and
(b) may
require or permit the return to be given on a specified kind of data
processing device in accordance with specified software requirements.
