Treasurer’s unclaimed moneys fund
97 Treasurer’s unclaimed moneys fund
Until 30 June 2010—
the Treasurer’s unclaimed moneys fund, kept under section 46 of the repealed Act, continues in existence under this Act; and
despite the repeal of the repealed Act, section 46 as in force immediately before the commencement continues to apply to the fund.
On 1 July 2010—
the Treasurer’s unclaimed moneys fund is closed; and
moneys remaining in the fund are transferred to the consolidated fund.
The Treasurer may withdraw moneys transferred to the consolidated fund under subsection (2)(b) and pay them to a person who proves to the Treasurer’s satisfaction that the moneys are the property of the person.
This Act’s bill:Explanatory memorandumSecond reading speech
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