601NG
In forceUnclaimed money to be paid to ASIC
Volume 3Chapter 5A, Part 5A.1 to Chapter 6D, Part 6D.5 sections 601 to 742
Chapter 5CManaged investment schemes
Part 5C.9Winding up
601NG Unclaimed money to be paid to ASIC
If, on completion of the winding up of a registered scheme, the person who has been winding up the scheme has in their possession or under their control any unclaimed or undistributed money or other property that was part of the scheme property, the person must, as soon as practicable, pay the money or transfer the property to ASIC to be dealt with under Part 9.7.
This Act’s bill:Explanatory memorandumSecond reading speech
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