Some things you should know been able to identify or contact the beneficiary of Policy Committees (MLC MasterKey your account. Business Super members only) We're also required to transfer your super balance to If your employer plan had a policy committee during the ATO if your account remains inactive for a period the financial year, you can find details about your of 16 months or more, and the balance is less than plan’s policy committee and members in your Annual $6,000. Your account is considered inactive if you Statement. haven't made any additional contributions or certain We have a set of rules for the appointment and changes to it over that time including: removal of employer and member representatives had contributions or rollovers from other super of the Policy Committee. These rules provide for equal funds paid into your account representation of member and employer changed your investment options or strategy representatives. Member representatives are changed or elected to cancel your insurance cover generally elected by members and are typically (where your insurance is held within your super appointed for a period of three years. Employer account), or representatives are appointed by your employer for made or amended a binding beneficiary a period determined by your employer. nomination. Transfers to the Australian Taxation We may also transfer your account balance to the Office (ATO) in Other Circumstances ATO if: your investment switching activity is deemed to The law and rules defining the transfer of unclaimed be contrary to the interests of other members, or superannuation money to the ATO can be viewed at your account has been closed and you are eligible ato.gov.au for a payment from MLC and we’ve not received any instructions from you. In summary, we’re generally required by law to We’ll advise you in writing at your last known address transfer your account to the ATO if any of the if we intend to transfer your account balance and will following occurs: proceed if you don’t respond with instructions your account balance is less than $6,000 and regarding an alternative super fund. either: – no contributions or rollovers have been made There may be other circumstances in which we need to your account for 12 months, you haven't to transfer your account to the ATO. otherwise contacted the Fund for 12 months and If your account is transferred to the ATO, you can we have no way of contacting you, or contact them on 13 10 20 to claim your benefit. – you’ve been a member of the Fund for more than 2 years, your account was set up through your Special rules for temporary residents employer sponsor, and there have been no contributions or rollovers made to your account If you’re a temporary resident and your visa has for over 5 years, expired and you leave Australia permanently, you you’re over 65, contributions haven't been made may be able to claim the superannuation you hold to your account for over 2 years, you haven’t with us as a Departing Australia Superannuation contacted us for at least 5 years, and we haven't Payment. Withholding taxes may apply to the been able to contact you, lump-sum payment. However, if you don’t make a the ATO informs us that you were a former claim within six months of your visa expiring or your temporary resident and left the country over six departure from Australia (whichever happens last), months ago, or we may be required to transfer your superannuation to the ATO as unclaimed super. In these upon your death, where no contributions have circumstances, relying on relief from ASIC, we're not been made for at least 2 years, and after a required to notify you or give you an exit statement reasonable period of time, we’ve tried but haven't and you'll need to contact the ATO directly to claim 10 | MLC Super Fund 2023 Annual Report