Document ID: chunk:federal_register_of_legislation:C2021A00127:clause:3_77
Version: federal_register_of_legislation:C2021A00127
Segment Type: clause
Provision Reference: sch 3 cl 77
Character Range: 53367–55011

77  Section 7
Omit:

      Voluntary payments by superannuation providers
      A superannuation provider may pay to the Commissioner of Taxation any amount it holds on behalf of a member, former member or non‑member spouse if it reasonably believes paying the amount to the Commissioner is in the best interests of the member, former member or non‑member spouse.
      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:

      Voluntary payments by superannuation providers
      A superannuation provider may pay to the Commissioner of Taxation any amount it holds on behalf of a member, former member or non‑member spouse if it reasonably believes paying the amount to the Commissioner is in the best interests of the member, former member or non‑member spouse.
      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.