Application of Act, pt 8 to unclaimed superannuation benefits—Act, s 97B
7 Application of Act, pt 8 to unclaimed superannuation benefits—Act, s 97B
Part 8 of the Act applies to an unclaimed superannuation benefit if each accountable person holding the benefit is either—
a corporation within the meaning of the Corporations Act taken to be registered in Queensland under that Act; or
an individual whose principal place of carrying on the business of holding benefits in an approved deposit fund or regulated superannuation fund is in Queensland.
Part 8 of the Act also applies to an unclaimed superannuation benefit if—
3 or more accountable persons hold the benefit; and
not all, but at least 1, of the accountable persons holding the benefit is a person mentioned in subsection (1)(a) or (b); and
the principal place for administering the fund in which the benefit is held is in Queensland.
The application of part 8 of the Act under this section extends to the following matters and persons—
an unclaimed superannuation benefit situated outside Queensland, whether or not in Australia;
anything done, entered into or happening outside Queensland, whether or not in Australia, in relation to an unclaimed superannuation benefit;
an accountable person, a member of a fund or a beneficiary situated or residing outside Queensland, whether or not in Australia.
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