Document ID: chunk:federal_register_of_legislation:C2022C00273:section:6
Version: federal_register_of_legislation:C2022C00273
Segment Type: section
Provision Reference: s 6
Character Range: 10384–13039

6  Objects of Act
  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.