65
In forceRepayment of unclaimed trust money
Part 5Trust money
Division 4Unclaimed trust money
65 Repayment of unclaimed trust money
(1)
The Secretary must, on application by a person entitled to an amount of money paid under this Division into the Compensation Fund or the Consolidated Fund, pay that amount to the person out of the Compensation Fund.
(2)
When an amount is paid out of the Compensation Fund in respect of an amount that has been paid into the Consolidated Fund, the Treasurer must, on application by the Secretary, pay that amount to the Secretary out of the Consolidated Fund (which is appropriated accordingly) for payment into the Compensation Fund.
This Act’s bill:Explanatory memorandumSecond reading speech
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