Notice to collection entities if amount left in victim trust fund
319ZB Notice to collection entities if amount left in victim trust fund
The public trustee must work out the amount, if any, left in a victim trust fund that is available under section 319ZD for paying eligible entity claims at the following time—
generally—within 1 month after paying under section 319Y all awards made on eligible victim claims;
if the public trustee has received a notice from the chief executive under section 319U(5)—within 1 month after receiving the notice.
If there is an amount left in the victim trust fund that is available under section 319ZD for paying eligible entity claims, the public trustee must, within 1 month after working out the amount, give each collection entity a written notice stating—
the name of the person in relation to whom relevant money was awarded (the relevant person); and
the amount left in the victim trust fund; and
that the collection entity may have an entity claim against the relevant person and that the claim may be payable from the victim trust fund; and
the period within which the collection entity must notify an amount of an entity claim to the public trustee to have an eligible entity claim against the relevant person; and
the other steps the collection entity must take for the collection entity to have an eligible entity claim against the relevant person.
This Act’s bill:Explanatory memorandum
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