Document ID: chunk:federal_register_of_legislation:C2022C00273:section:20qf:p2
Version: federal_register_of_legislation:C2022C00273
Segment Type: section
Provision Reference: s 20QF (pt 2/2)
Character Range: 110717–112721

the person has not died.
 (4) In a case covered by paragraph (2)(b), the Commissioner must pay the amount under subsection (2) by paying to each death beneficiary the amount worked out using the following formula:
Note: If there is only one death beneficiary, the whole of the amount is payable to that beneficiary.
 (5) If:
 (a) the Commissioner makes a payment under subsection (2) to a fund, a KiwiSaver scheme provider, a legal personal representative or a person; and
 (b) the payment is in accordance with paragraph (2)(a), (aa), (c) or (d);
the Commissioner must also pay to the fund, KiwiSaver scheme provider, legal personal representative or person the amount of interest (if any) worked out in accordance with the regulations.
Note: Money for payments under subsection (5) is appropriated by section 16 of the Taxation Administration Act 1953.
 (6) If:
 (a) the Commissioner makes a payment under subsection (2) to a death beneficiary; and
 (b) the payment is in accordance with paragraph (2)(b);
the Commissioner must also pay to the death beneficiary the amount of interest (if any) worked out in accordance with the regulations.
Note: Money for payments under subsection (6) is appropriated by section 16 of the Taxation Administration Act 1953.
 (7) Regulations made for the purposes of subsection (5) or (6) may prescribe different rates for different periods over which the interest accrues. For this purpose, rate includes a nil rate.
 (8) This section does not apply to an amount that is to be, is or has been, taken into account in determining whether the Commissioner must make a payment under subsection 20H(2) or (3).
Note: Subsections 20H(2) and (3) provide for payment by the Commissioner of amounts equal to amounts paid to the Commissioner under subsections 17(1), 20F(1), 20QD(1), 21C(1), 22(1) and 24E(1) in respect of a person who:
(a) is identified in a notice under section 20C; or
(b) used to be the holder of a temporary visa.

Division 4—Various rules for special cases