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UNCLAIMED MONEY (SUPERANNUATION AND RSA PROVIDERS) AMENDMENT AND EXPIRY ACT 2014 (NO. 22 OF 2014) - SECT 7

7 .         Section 38 amended

        (1)         In section 38(4):

            (a)         in paragraph (c)(ii) delete “order.” and insert:


                order;


            (b)         after paragraph (c) insert:


                or

            (d)         the regulations would reduce or provide for the reduction of a Member’s benefit in consequence of the payment to the Commissioner of an amount of unclaimed money that would otherwise have been payable to the Member.


        (2)         Delete section 38(5D).

        (3)         Delete section 38(5F).

        (4)         After section 38(5) insert:


        (6A)         Regulations may provide for the Board, in relation to any scheme that is prescribed for the purposes of the Superannuation (Unclaimed Money and Lost Members) Act 1999 (Commonwealth) section 18AA —

            (a)         to give any statement; and

            (b)         to make any payment; and

            (c)         to do any other thing,

                contemplated by that Act.


        (5)         After section 38(8) insert:


        (9)         In this section —

            (a)         each of the following terms has the meaning given in the Family Law Act 197 5 (Commonwealth) section 90MD —

                flag lifting agreement

                payment split

                splitting order

                superannuation agreement

                superannuation interest

            (b)         each of the following terms has the meaning given in the Superannuation (Unclaimed Money and Lost Members) Act  199 9 (Commonwealth) section 8 —

                Commissioner

                unclaimed money


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