State Superannuation Regulations 2001

If a west state account is an inactive low‑balance west state account, the Board may make a payment (the payment) to the Commonwealth Commissioner of Taxation in accordance with the Commonwealth Unclaimed Money Act Part 3B as if the West State Super Scheme were a regulated superannuation fund and the west state account were an inactive low‑balance account under that Act.

Subregulation (1) does not apply unless —

the Commonwealth Commissioner of Taxation is permitted under the Commonwealth Unclaimed Money Act to accept the payment; and

the West State Super Member in whose name the account is maintained has not informed the Board that the Board is to continue to maintain the account.