Commonwealth legislation

Superannuation (CSS) Unclaimed Money Regulations

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

99 of 1997

Collection

legislative instrument

Plain English Summary

2/10 complexity

These regulations require the Commonwealth Superannuation Scheme (CSS) Board to transfer unclaimed CSS benefits to the Australian Taxation Office when those amounts meet the statutory test for “unclaimed money.” It affects former Commonwealth public servants with unclaimed CSS entitlements, the CSS Board, and the Commissioner of Taxation, and aims to protect and reunite lost superannuation with members or their beneficiaries via the ATO’s central register.

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Current sections

Direct links to the current provisions in Superannuation (CSS) Unclaimed Money Regulations.

Superannuation (CSS) Unclaimed Money Regulations

Statutory Rules 1997 No. 991

__________________

Superannuation (CSS) Unclaimed Money Regulations

I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Superannuation Act 1976.

Dated 30 April 1997.

WILLIAM DEANE

Governor-General

By His Excellency’s Command,

JOHN FAHEY

Minister for Finance

____________

Citation

These Regulations may be cited as the Superannuation (CSS) Unclaimed Money Regulations.

Commencement

These Regulations commence on 1 July 1997.

Interpretation

In these Regulations:

“the Act” means the Superannuation Act 1976.

Payment of unclaimed money to Commissioner of Taxation

(a) subsection 158A (1) of the Act 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 section 225 of the SIS Act and required to be paid to the Commissioner of Taxation under that section;

the Board must comply with the requirement.

___________________________________________________________

NOTE

Note: 1. Notified in the Commonwealth of Australia Gazette on 7 May 1997.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Superannuation (CSS) Unclaimed Money Regulations

Statutory Rules 1997 No. 991

__________________

Superannuation (CSS) Unclaimed Money Regulations

I, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Superannuation Act 1976.

Dated 30 April 1997.

WILLIAM DEANE

Governor-General

By His Excellency’s Command,

JOHN FAHEY

Minister for Finance

____________

Citation

These Regulations may be cited as the Superannuation (CSS) Unclaimed Money Regulations.

Commencement

These Regulations commence on 1 July 1997.

Interpretation

In these Regulations:

“the Act” means the Superannuation Act 1976.

Payment of unclaimed money to Commissioner of Taxation

(a) subsection 158A (1) of the Act 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 section 225 of the SIS Act and required to be paid to the Commissioner of Taxation under that section;

the Board must comply with the requirement.

___________________________________________________________

NOTE

Note: 1. Notified in the Commonwealth of Australia Gazette on 7 May 1997.