Automatic Enrolment Retirement Savings System Act 2024 section 95

Disclosure of information for statistical purposes

Section 95 enables the Minister to make regulations permitting the Authority to disclose anonymised information about unclaimed balances for statistical purposes, and requires the Authority to report annually on unclaimed balances to the Minister.

• The Minister, after consulting the Minister for Rural and Community Development, may make regulations allowing the Authority to disclose specified information — but only for statistical purposes and only in anonymised form.
• The information that may be disclosed includes prescribed data from the register, the number of unclaimed balances, and the number and value of transfers to the Dormant Accounts Fund.
• The Authority must furnish a written statement to the Minister within 10 working days after 30 April each year, setting out the total value and total number of its unclaimed balances.
• The first such annual statement is due no later than 10 working days after 30 April 2042.