Document ID: chunk:federal_register_of_legislation:C2008A00151:clause:1_20a
Version: federal_register_of_legislation:C2008A00151
Segment Type: clause
Provision Reference: sch 1 cl 20A
Character Range: 7607–8782

20A  Simplified outline

  The following is a simplified outline of this Part:

      The Commissioner must give the superannuation provider for a fund a notice if the Commissioner is satisfied that:

                (a) a person who used to be the holder of a temporary visa has a superannuation interest in the fund; and
                (b) at least 6 months have passed since the person ceased to hold the visa and left Australia; and
                (c) the person does not hold a visa and is not a citizen.
      If the Commissioner gives such a notice, the superannuation provider must:

                (a) give the Commissioner a statement about the interest by the next date set for the purpose by the Commissioner; and
                (b) pay the Commissioner the amount that would have been payable from the fund to the person if the person had requested payment in connection with his or her departure from Australia, reduced by amounts already payable in respect of the person.

      On payment, the superannuation provider ceases to be liable for the amount paid.
      The person can claim the amount (and interest, in some cases) from the Commissioner.