Queensland Consolidated Acts Queensland Consolidated Acts(1) An inspector who is paid an amount mentioned in section 358 must immediately give the payer a receipt for the amount.
(2) The receipt is a full discharge to the employer concerned for the amount stated in the receipt.
(3) The inspector must pay the amount to—
(a) for a superannuation contribution—
(i) if the employee is employed by the employer—the approved superannuation fund; or
(ii) if the employee is no longer employed by the employer—
(A) the approved superannuation fund; or
(B) a complying superannuation fund; or
(C) a superannuation fund nominated by the employee; or
(D) an eligible rollover fund; or
(E) if the amount is less than the amount of total benefits that may revert to an employee under the Superannuation Industry (Supervision) Act 1993 (Cwlth)—the employee; or
(b) otherwise—the employee.
(4) If the inspector has not accounted for the amount within 30 days after receiving it, the inspector must pay the amount immediately to the department.
(5) The department must account for the amount in the way required by subsection (3).
(6) However, the department must pay the amount into the unclaimed moneys fund if—
(a) the department can not locate the employee after making reasonable inquiries; or
(b) the employee does not nominate a superannuation fund for subsection (3) if requested by an inspector to do so.
(7) In this section—
employee includes a former employee.
superannuation contribution means—
(a) an employer's contribution to an approved superannuation fund to the credit of an eligible employee, which is unpaid; or
(b) an amount mentioned in section 358(1)(b)(ii).