Document ID: chunk:federal_register_of_legislation:C2021A00024:clause:1_25
Version: federal_register_of_legislation:C2021A00024
Segment Type: clause
Provision Reference: sch 1 cl 25
Character Range: 7836–8643

25  Subsection 16(7)
Repeal the subsection (including the note), substitute:

Exceptions
 (7) This section does not apply to:
 (a) unclaimed money described in subsection 12(1) payable to a person identified in a notice the Commissioner has given the superannuation provider under section 20C; or
 (b) an amount payable to the Commissioner in respect of an eligible rollover fund member under section 21C.
Note 1: Section 20E requires the superannuation provider to give the Commissioner a statement about the superannuation interest of a person identified in a notice given to the provider under section 20C (which is about notices identifying former temporary residents).
Note 2: Section 21A requires the superannuation provider to give the Commissioner statements about eligible rollover fund accounts.