12Treasurer to refund unclaimed superannuation benefits

12 Treasurer to refund unclaimed superannuation benefits

(1)  If –

(a) the Board pays an unclaimed superannuation benefit to the Treasurer under this Part; and

(b) the Treasurer is satisfied on application made by a person that, if this Part and the Superannuation (Unclaimed Money and Lost Members) Act 1999 of the Commonwealth had not been enacted, that person would have been paid that unclaimed superannuation benefit by the Board –

the Treasurer must pay an amount equal to the amount of that unclaimed superannuation benefit to that person.

(2)  An application under subsection (1)(b) is to be in a form approved by the Treasurer.