Superannuation Laws Amendment (Unclaimed Superannuation Money) Regulation 2015

This consultation process has now been completed.
Consultation Type
Exposure Draft

Key Documents

Exposure draft legislation is being released for consultation on the 2015-16 Budget measure to reduce red tape for superannuation funds and individuals by streamlining lost and unclaimed superannuation administrative arrangements.

The measure:

  • allows Eligible Rollover Funds, which are temporary repositories for inactive superannuation accounts, to proactively consolidate accounts they hold into the active superannuation accounts of members without their consent;
  • ensures that members who interact with their superannuation fund through contemporary means of communication such as email and online interactions, are not inadvertently deemed to be lost members; and
  • removes an out-dated rule that prevents the identification of certain lost inactive members, that is by removing the 'employer-sponsored' members rule.

The changes apply from 30 June 2016.


No submissions are currently available.