Document ID: chunk:federal_register_of_legislation:C2022C00264:clause:11_158a
Version: federal_register_of_legislation:C2022C00264
Segment Type: clause
Provision Reference: sch 11 cl 158A
Character Range: 683944–684871

158A  Payment of unclaimed money to eligible roll‑over fund
 (1) If:
 (a) a lump sum benefit is payable under this Act to a person; and
 (b) the person fails, within 90 days after the benefit becomes payable, to tell CSC in writing how the person wishes the benefit to be paid;
CSC may pay the amount of the benefit to an eligible roll‑over fund.
 (2) If:
 (a) subsection (1) applies in relation to a benefit that is payable to a person; and
 (b) under the SIS Act the amount of the benefit is required to be paid to an eligible roll‑over fund;
CSC must comply with the requirement.
 (3) If:
 (a) subsection (1) applies in relation to a benefit that is payable to a person; and
 (b) the amount of the benefit is unclaimed money within the meaning of the Superannuation (Unclaimed Money and Lost Members) Act 1999 and is required to be paid to the Commissioner of Taxation under that Act;
CSC must comply with the requirement.