Document ID: chunk:federal_register_of_legislation:C2020A00064:clause:11_54
Version: federal_register_of_legislation:C2020A00064
Segment Type: clause
Provision Reference: sch 11 cl 54
Character Range: 22787–23832

54  Subsections 16(1A), (2) and (2A)
Repeal the subsections, substitute:
 (2) The statement is not required to contain information relevant to unclaimed money that ceases to be unclaimed money during the period that:
 (a) begins from the unclaimed money day; and
 (b) ends immediately before the day on which the statement is given to the Commissioner.
 (2A) If, at the end of the unclaimed money day:
 (a) there is no unclaimed money, the statement must say so; or
 (b) there is only unclaimed money that ceases to be unclaimed money during the period mentioned in subsection (2), the statement must say so.
Note: If the fund is a regulated superannuation fund that has fewer than 5 members, see subsection (2B).
 (2B) Subsection (1) does not apply if, at the end of the unclaimed money day:
 (a) the fund is a regulated superannuation fund that has fewer than 5 members; and
 (b) either:
 (i) there is no unclaimed money; or
 (ii) there is only unclaimed money that ceases to be unclaimed money during the period mentioned in subsection (2).