Treasurer may pay money to lawful claimant
8A Treasurer may pay money to lawful claimant
If the Treasurer is satisfied, on application made in a manner and form approved by the Treasurer, that a person—
had, prior to the sale, an interest in goods sold under this Act; or
has, after the sale, an interest in the proceeds of the sale of goods under this Act, the
Treasurer may pay to that person the whole or any part of the balance paid to the Treasurer in respect of the sale of those goods under section 8(1)(b).
An application under subsection (1) may not be made—
for an amount that is less than the prescribed amount; or
more than 25 years after the day on which the money was received by the Treasurer.
No interest is payable in respect of a payment made under subsection (1).
A payment under subsection (1) is to be made from the Consolidated Account, which is appropriated to the necessary extent.
If a payment is made to a person under this section, the Crown has no further liability in respect of the money that constituted the payment.
Subsection (5) does not prevent another person claiming to be the owner of the money from taking action for recovery of the money from the person to whom the payment was made.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.