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Brief
The Superannuation (Unclaimed Money and Lost Members) Act 1999 provides introductory information about the Act's objectives, outline, and application. The Act has a short title, commences on receiving Royal Assent, and applies to all superannuation funds, including Industry Funds, Union Funds, and Employer-sponsored Funds. The Act binds the Crown and extends to the Territories. Its objects include providing unclaimed superannuation benefits to eligible recipients and ensuring transparency and accountability in superannuation funds.
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