Commonwealth Consolidated Acts

SUPERANNUATION (UNCLAIMED MONEY AND LOST MEMBERS) ACT 1999 - SECT 6

    The objects of this Act are to provide for:

  (a)   the keeping of registers of details relating to:

  (i)   unclaimed money; and

  (ii)   certain amounts relating to superannuation of persons ( former temporary residents ) who used to be holders of temporary visas under the Migration Act 1958 and have left Australia; and

  (iia)   certain amounts relating to inactive low - balance accounts; and

  (iib)   amounts relating to ERF low balance accounts; and

  (iic)   certain amounts voluntarily paid to the Commissioner by superannuation providers; and

  (iii)   certain amounts relating to superannuation of persons who used to be lost members;

    so that the money and amounts can be claimed by persons entitled to them; and

  (b)   the keeping of a register of details relating to lost members, so that the benefits of lost members can be claimed by persons entitled to them; and

  (c)   the matching of unclaimed money and persons entitled to it; and

  (d)   the matching of benefits of lost members and persons entitled to them; and

  (da)   the matching of benefits of inactive low - balance account members and persons entitled to them; and

  (db)   the matching of benefits of eligible rollover fund members and persons entitled to them; and

  (dc)   the matching of amounts voluntarily paid to the Commissioner by superannuation providers and persons entitled to them; and

  (e)   the payment to the Commissioner of:

  (i)   unclaimed money; and

  (ii)   certain amounts relating to superannuation of former temporary residents; and

  (iii)   certain amounts relating to superannuation of lost members; and

  (iv)   certain amounts relating to superannuation of inactive low - balance account members; and

  (v)   amounts relating to superannuation of eligible rollover fund members; and

  (vi)   other amounts paid by superannuation providers on a voluntary basis; and

  (ea)   the safekeeping of such money and amounts paid to the Commissioner until the Commissioner can pay the money and amounts to persons entitled to them; and

  (eb)   the payment of:

  (i)   unclaimed money; and

  (ii)   certain amounts relating to superannuation of lost members; and

  (iii)   certain amounts relating to superannuation of inactive low - balance account members and

  (iv)   amounts relating to superannuation of eligible rollover fund members; and

  (v)   other amounts paid by superannuation providers on a voluntary basis;

    into funds in which the member is active; and

  (f)   the co - ordination of the collection of unclaimed money between the Commonwealth, States and Territories; and

  (g)   the co - ordination of the matching of unclaimed money and persons entitled to it between the Commonwealth, States and Territories.