Persons not required by this Act may pay unclaimed money to Registrar

Current

(1)

If a person has possession of any unclaimed money (whether by way of business or otherwise) that is not required by Part 3 to be paid to the Registrar, the person may pay that unclaimed money to the Registrar as if that unclaimed money were payable under section 12(1).

(2)

This section does not apply to—

(a)

any unclaimed money to which Division 2 of Part 3 applies; and

(b)

any money to which Part 7 applies.

This Act’s bill:Explanatory memorandum Second reading speech

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81 Persons not required by this Act may pay unclaimed money to Registrar