Document ID: chunk:federal_register_of_legislation:C2022C00273:section:7:p2
Version: federal_register_of_legislation:C2022C00273
Segment Type: section
Provision Reference: s 7 (pt 2/3)
Character Range: 15735–18775

Lost members register
      The Commissioner of Taxation may publish, or make available, details relating to lost members.
      Superannuation of lost members
      At the times determined by the Commissioner, superannuation providers must give the Commissioner of Taxation details relating to:
             (a) small accounts of lost members; and
             (b) inactive accounts of unidentifiable lost members.
      Superannuation providers must pay to the Commissioner of Taxation the value of any such 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.
      Superannuation of inactive low‑balance members
      At times determined by the Commissioner, superannuation providers must give the Commissioner of Taxation details relating to inactive low‑balance accounts.
      Superannuation providers must pay to the Commissioner of Taxation the value of any such 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.
      Superannuation of eligible rollover fund members
      Superannuation providers who are trustees of eligible rollover funds must, by 30 June 2021 and 31 January 2022, 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 2021 (for accounts that had balances of less than $6,000 on 1 June 2021) and 31 January 2022 (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.
      Voluntary payments by superannuation providers
      A superannuation provider may pay to the Commissioner of Taxation any amount it holds on behalf of a member, former member or non‑member spouse if it