Methods for recovering amount overpaid | ||
---|---|---|
Item |
Action the Commissioner may take to recover amount overpaid |
Conditions to be satisfied |
1 |
The Commissioner may deduct the whole or a part of the amount overpaid from any Government co-contribution payable in respect of the person. |
|
2 |
The Commissioner may debit an account of the person in the Superannuation Holding Accounts Reserve with the whole or a part of the amount overpaid. |
The account must include one or more Government co-contributions in respect of
the person. |
3 |
The Commissioner may recover the whole or a part of the amount overpaid from the person (or the person's legal personal representative) as a debt due by the person (or the representative) to the Commonwealth. |
The Government co-contribution must have been paid by the Commissioner to the
person (or the representative). |
4 |
The Commissioner may recover the whole or a part of the amount overpaid from a superannuation provider to whom: (a) the Commissioner paid the
Government co-contribution; or as a debt due by the superannuation provider to the Commonwealth. |
The superannuation provider must hold one or more Government co-contributions
in respect of the person. |
the Commissioner may recover from the provider under that item whether or not the provider continues to hold the contribution or contributions after that time.
in relation to a Government co-contribution in respect of a person, the Commissioner must give the person the prescribed information in relation to the deduction or debit within 28 days after the deduction or debit is made.