55
CurrentInterest or penalty not to be deducted from unclaimed money payable to an owner or the Registrar
Part 4Registrar's obligations and powers in respect of unclaimed money
Division 5Interest and penalty not to be deducted from unclaimed money
55 Interest or penalty not to be deducted from unclaimed money payable to an owner or the Registrar
A business or trustee is not entitled to deduct the amount of any interest or penalty payable under this Part from the amount of unclaimed money payable to any owner or the Registrar.
This Act’s bill:Explanatory memorandumSecond reading speech
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