Document ID: chunk:federal_register_of_legislation:C2021C00560:clause:2_35
Version: federal_register_of_legislation:C2021C00560
Segment Type: clause
Provision Reference: sch 2 cl 35
Character Range: 18276–20238

35  Section 7
Omit:

      Superannuation of eligible rollover fund members
      Superannuation providers who are trustees of eligible rollover funds must, by 30 June 2020 and 30 June 2021, give the Commissioner of Taxation details relating to accounts of those funds.
      Superannuation providers must pay to the Commissioner of Taxation the value of any such accounts. Payments must be made by 30 June 2020 (for accounts that had balances of less than $6,000 on 1 June 2020) and 30 June 2021 (for all other accounts).
      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:

      Superannuation of eligible rollover fund members
      Superannuation providers who are trustees of eligible rollover funds must, by 30 June 2020 and 30 June 2021, give the Commissioner of Taxation details relating to accounts of those funds.
      Superannuation providers must pay to the Commissioner of Taxation the value of any such accounts. Payments must be made by 30 June 2020 (for accounts that had balances of less than $6,000 on 1 June 2020) and 30 June 2021 (for all other accounts).
      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.