Distribution of repayment fund among contributors
102 Distribution of repayment fund among contributors
All money standing to the credit of a repayment fund established under section 100 (1) shall from time to time be distributed by the Secretary among the contributors in respect of whom it was paid into the repayment fund in the same proportion as the amount of contributions paid by those contributors.
If the Secretary cannot, after due inquiry, ascertain the whereabouts of a person who is entitled to a payment of money from the repayment fund under subsection (1), the Secretary—
is not required to make that payment, and
may—
make any distribution under that subsection without regard to any claim by that person,
pay the money to the Treasurer for the use of the public revenue, or
distribute part of the money under subparagraph (i) and pay part of the money to the Treasurer under subparagraph (ii).
The Unclaimed Money Act 1995 applies to money paid to the Treasurer under subsection (2) in the same way as it applies to unclaimed money within the meaning of that Act.
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