Summary
Amends the
Superannuation (Unclaimed Money and Lost Members) Act 1999
,
Taxation Administration Act 1953
and
Income Tax Assessment Act 1997
to: require that the superannuation of a temporary resident becomes unclaimed and payable to the Australian Taxation Office (ATO) once the individual has ceased to be a temporary visa holder, has departed Australia and has not claimed their superannuation within six months; and provide that departed temporary visa holders may recover their superannuation benefits, subject to withholding tax, from the ATO.