15
CurrentApplication for extension of time by trustee
Part 3Business and trustees
Division 2Obligations of trustees in respect of unclaimed trust property
15 Application for extension of time by trustee
(1)
A trustee may apply to the Registrar for an extension of time to—
(a)
sell, call in or convert property under section 14(1)(a); and
(b)
pay the unclaimed money to the Registrar under section 14(1)(b); and
(c)
lodge a statement with the Registrar under section 14(1)(c).
(2)
An application made by a trustee for an extension of time must—
(a)
be made no later than 12 months after the expiration of the required period; and
(b)
be in writing; and
(c)
state in detail the reason or reasons why the trustee requires an extension of time.
This Act’s bill:Explanatory memorandumSecond reading speech
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