Automatic Enrolment Retirement Savings System Act 2024
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Unclaimed balances | ||
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90. (1) For the purposes of this Chapter, a balance is an unclaimed balance if a dormancy period, beginning on or after the date on which a notification of eligibility for withdrawal was issued, has ended, and in the dormancy period— | ||
(a) the Authority has issued a notification of eligibility for withdrawal, | ||
(b) since the date of the notification, a dormancy period has ended, and | ||
(c) a specified event did not take place in relation to the balance during the dormancy period. | ||
(2) In subsection (1), “notification of eligibility for withdrawal”, in relation to a balance, means a notification issued by the Authority under section 82 (1)(d) or section 86 (1)(d) that the balance is eligible for withdrawal. |