6.50
CurrentProcedure for searching for amounts to facilitate consolidation by rollover
Volume 1Parts 1 to 14 (regulations 1.01 to 14.39)
Part 6Payment standards
Division 6.8Conditions for the use of tax file numbers to facilitate consolidation or rollover
6.50 Procedure for searching for amounts to facilitate consolidation by rollover
In order to facilitate the consolidation of amounts for a beneficiary, a trustee must use either or both of the following procedures to determine whether amounts are held for the beneficiary by another RSA provider or superannuation entity:
(a)
seeking superannuation information relating to the beneficiary using a facility provided by the Australian Taxation Office;
(b)
contacting an RSA provider or superannuation entity to seek superannuation information relating to the beneficiary.
This Act’s bill:Explanatory statement
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