Commonwealth Consolidated Acts

SUPERANNUATION (UNCLAIMED MONEY AND LOST MEMBERS) ACT 1999 - SECT 22C

    If the Commissioner is satisfied that an amount a superannuation provider for a fund (the first fund ) has paid to the Commissioner under section   22 in respect of a person exceeded the amount (if any) that was payable under that section in respect of the person, the Commissioner must pay the excess:

  (a)   to the superannuation provider; or

  (b)   to a superannuation provider for another fund if the Commissioner is satisfied that:

  (i)   the first fund no longer exists; and

  (ii)   the other fund provides rights relating to the person equivalent to those provided by the first fund.

Note:   Money for payments under this section is appropriated by section   16 of the Taxation Administration Act 1953 .