Division 296 end benefit notice—superannuation provider
134-140 Division 296 end benefit notice—superannuation provider
If the *Division 296 end benefit becomes payable from a *superannuation interest for which the Commissioner keeps a *Division 296 debt account, the *superannuation provider in relation to the interest must give the Commissioner a notice stating the expected date of payment of the benefit.
If a person is dissatisfied with a notice given to the Commissioner under this subsection, the person may make a complaint under the AFCA scheme (within the meaning of the Corporations Act 2001).
The notice must be given within 14 days after the earlier of:
the *superannuation provider receiving a request (if any) to pay the *superannuation benefit; and
the superannuation benefit becoming payable.
However, this section does not apply if the *superannuation provider has not been given a notice under section 134‑75 saying that the Commissioner has started to keep a *Division 296 debt account for the *superannuation interest.
A notice under this section must be given in the *approved form.
This Act’s bill:Second reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.