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This article is presented to you by Ian Hallett.

Ian Hallett is a Chartered Accountant with over 15 years experience in public practice in Canberra, including over 3 years as a Senior Tax Manager with Ernst & Young. He commenced practice as Halletts in 1996 and is actively involved in tax and business development consulting. Ian also provides strategic and system-related advice to our clients.

Superannuation Lost Members Register

The Lost Members Register uses information supplied by superannuation funds to assist individual members to identify lost super and consolidate their accounts.

The ATO has recently found that the number of lost accounts on the register has grown to about 6.1 million, with assets totalling approximately $11.9 billion!

The Government has stated that their preference for dealing with these 'lost 'accounts is to introduce an automatic consolidation system, with an opt-out provision, using the Tax File Number system.

If you think that you may have a lost superannuation account, please contact us.

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Disclaimer:

The contents of this Bulletin are general in nature. We therefore accept no responsibility to persons acting on the information herein without first consulting us.