Mercy Super - Always for you

In recent times a number of legislative changes have been announced that impact on you if you are a temporary resident. Please read on if this applies to you.

 

Transfer of benefits to the Australian Taxation Office

 

If you have worked in Australia as a temporary resident and have now left the country, you may be eligible to claim your superannuation benefit (less any tax) you have accumulated while here. This payment is called the Departing Australia Superannuation Payment (DASP). Australian and New Zealand residents are not eligible to claim a DASP.

 

You can claim your DASP if:

• You visited on an eligible temporary resident visa; and
• Your visa has ceased to be in effect (that is it has expired or been cancelled) ;and
• You have departed Australia

 

Please contact the Fund on +61 1300 368 891 or email information@mercysuper.com.au if you are eligible or think you may be eligible for a DASP.  We will endeavour to give you the information you reasonably require to claim your DASP.

 

Important information

 

Effective from 18 December 2008, if you are a temporary resident and do not claim your DASP benefit within six (6) months of departing Australia and your visa has ceased to be in effect, the Fund may be required to transfer your superannuation benefit to the Australian Taxation Office as unclaimed money. In that case you will have to claim your DASP benefit from the Tax Office.

 

If the Fund transfers your DASP benefit to the Tax Office, then in accordance with relief provided by the Australian Securities and Investments Commission (ASIC), we will not issue you with an exit statement.

 

If your DASP benefit is transferred to the Tax Office by the Fund, you may then claim your benefit directly from the Tax Office. The Trustee is required to provide you with information to assist you with this, and will endeavour to do so as soon as practicable after you contact us, and in any event within one month from that date.

 

You can contact the Tax Office on +61 26216 1111 between 8am to 5 pm Australian Eastern Standard Time, Monday to Friday or you can complete the online application by clicking here (which takes you through to the Tax Office).