Document ID: chunk:federal_register_of_legislation:C2021A00127:clause:3_76
Version: federal_register_of_legislation:C2021A00127
Segment Type: clause
Provision Reference: sch 3 cl 76
Character Range: 51393–53367

76  Section 7
Omit:

      Superannuation of eligible rollover fund members
      Superannuation providers who are trustees of eligible rollover funds must, by 30 June 2021 and 31 January 2022, give the Commissioner of Taxation details relating to accounts of those funds.
      Superannuation providers must pay to the Commissioner of Taxation the value of any such accounts. Payments must be made by 30 June 2021 (for accounts that had balances of less than $6,000 on 1 June 2021) and 31 January 2022 (for all other accounts).
      Later, the Commissioner must, if satisfied that it is possible to do so, pay an amount the Commissioner has received in respect of a person:
             (a) to a fund identified by the person; or
             (b) if the person has reached eligibility age or the amount is less than $200—to the person; or
             (c) if the person has died—to the person's death beneficiaries or legal personal representative.
substitute:

      Superannuation of eligible rollover fund members
      Superannuation providers who are trustees of eligible rollover funds must, by 30 June 2021 and 31 January 2022, give the Commissioner of Taxation details relating to accounts of those funds.
      Superannuation providers must pay to the Commissioner of Taxation the value of any such accounts. Payments must be made by 30 June 2021 (for accounts that had balances of less than $6,000 on 1 June 2021) and 31 January 2022 (for all other accounts).
      Later, the Commissioner must, if satisfied that it is possible to do so, pay an amount the Commissioner has received in respect of a person:
             (a) to a fund identified by the person; or
             (b) to a KiwiSaver scheme provider identified by the person; or
             (c) if the person has reached eligibility age or the amount is less than $200—to the person; or
             (d) if the person has died—to the person's death beneficiaries or legal personal representative.