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If you have entered Australia on an eligible temporary resident visa you may claim your superannuation benefits once you have permanently departed Australia.
You can claim your Summit super benefit from either:
- Summit, if you apply to claim your benefit within six months of leaving Australia, or
- from the Australian Taxation Office (ATO), if you departed Australia more than six months ago.
Eligible former temporary residents
You are considered an eligible former temporary resident if:
- you have departed Australia, and
- your temporary visa has been cancelled or has expired.
However, you cannot be:
- a holder of a temporary or permanent visa
- an Australian or New Zealand citizen
- a permanent resident, or
- a holder of a Subclass 405 (Investor Retirement) visa or Subclass 410 (Retirement) visa as described in Schedule 2 to the Migration Regulations 1994.
How to claim your super benefit
Within six months of departing Australia
To claim your Summit super benefit, you are able to apply to Summit for a Departing Australia Superannuation Payment (DASP). To apply for a DASP, please contact us on 1800 622 772 or +61 3 8688 7151 from outside Australia.
Departed Australia more than six months ago
If you do not claim your super benefit within six months of leaving Australia, the ATO will request us to transfer your benefit to them as unclaimed super.
If your Summit super benefit has been transferred to the ATO as unclaimed super, you will no longer be a member of that AXA super fund; you will not receive notification of this, or an exit statement. This means you will no longer receive investment earnings and any applicable insurance cover obtained through your membership will have ceased.
For further information on how to claim your super benefit from the ATO, go to www.ato.gov.au> Individuals> Check your superannuation> Superannuation essentials> Advanced topics> Finding lost and unclaimed super. Alternatively you can contact the ATO on 131 020 or +61 2 6216 1111 from outside Australia.
Taxation on DASPs
From 1 April 2009, the tax payable on all super payments to temporary residents following their departure from Australia will increase from 30 to 35 per cent for taxed elements, and 40 to 45 per cent for any untaxed elements. This applies to payments from either your super fund or the ATO.
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