Public Trustee Act 1978

The public trustee must continue to keep the account called the Unclaimed Moneys Fund (the fund).

As soon as reasonably practicable after the end of each financial year, the public trustee must pay to the consolidated fund all amounts that, as at the end of the financial year, have been credited to the unclaimed moneys fund for 6 years or more.

The Minister may direct that the whole or part of amounts credited to the fund that have not been paid to the consolidated fund be invested in the following investments—

investments mentioned in section 21(6)(b)(i);

investments that may be prescribed by regulation.

Interest on the investments must be paid to the consolidated fund.