Superannuation (Unclaimed Money and Lost Members) Act 1999
6Objects of Act
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6 Objects of Act
The objects of this Act are to provide for: (a) the keeping of registers of details relating to: (i) unclaimed money; and (ii) certain amounts relating to superannuation of persons (former temporary residents) who used to be holders of temporary visas under the Migration Act 1958 and have left Australia; and (iia) certain amounts relating to inactive low‑balance accounts; and (iib) amounts relating to ERF low balance accounts; and (iic) certain amounts voluntarily paid to the Commissioner by superannuation providers; and (iii) certain amounts relating to superannuation of persons who used to be lost members; so that the money and amounts can be claimed by persons entitled to them; and (b) the keeping of a register of details relating to lost members, so that the benefits of lost members can be claimed by persons entitled to them; and (c) the matching of unclaimed money and persons entitled to it; and (d) the matching of benefits of lost members and persons entitled to them; and (da) the matching of benefits of inactive low‑balance account members and persons entitled to them; and (db) the matching of benefits of eligible rollover fund members and persons entitled to them; and (dc) the matching of amounts voluntarily paid to the Commissioner by superannuation providers and persons entitled to them; and (e) the payment to the Commissioner of: (i) unclaimed money; and (ii) certain amounts relating to superannuation of former temporary residents; and (iii) certain amounts relating to superannuation of lost members; and (iv) certain amounts relating to superannuation of inactive low‑balance account members; and (v) amounts relating to superannuation of eligible rollover fund members; and (vi) other amounts paid by superannuation providers on a voluntary basis; and (ea) the safekeeping of such money and amounts paid to the Commissioner until the Commissioner can pay the money and amounts to persons entitled to them; and (eb) the payment of: (i) unclaimed money; and (ii) certain amounts relating to superannuation of lost members; and (iii) certain amounts relating to superannuation of inactive low‑balance account members and (iv) amounts relating to superannuation of eligible rollover fund members; and (v) other amounts paid by superannuation providers on a voluntary basis; into funds in which the member is active; and (f) the co‑ordination of the collection of unclaimed money between the Commonwealth, States and Territories; and (g) the co‑ordination of the matching of unclaimed money and persons entitled to it between the Commonwealth, States and Territories.