Unclaimed Superannuation Benefits Act 1998

If:

an unclaimed superannuation benefit has been paid to the Treasurer under this Act; and

the Treasurer is satisfied, on application made by a person in a form approved by the Treasurer, that, if this Act and Part 22 of the Commonwealth Act had not been enacted, that person would have been paid that unclaimed superannuation benefit by the trustee by whom it was paid to the Treasurer, the Treasurer must pay an amount equal to the amount of that unclaimed superannuation benefit to that person.

If the trustee of a fund, after paying an amount to the Treasurer under this Act, satisfies the Treasurer that the amount paid exceeds the amount that the trustee would have paid to the person concerned, the Treasurer must refund to the trustee the amount of the excess.

The Central Holding Authority is appropriated to the extent necessary for the purposes of this section.