Unclaimed Money Act 1990

Subject to section 4(1)(c), prescribed retained money which was or is required by any written law to be, and which has been or is, paid by the holder to the Treasurer or Treasury shall, after the coming into operation of and for the purposes of this Act, be deemed to be, and may be dealt with by the Treasurer as though it were, unclaimed money.

Any sum authorised as disbursable, in respect of dues, charges, expenses or other liabilities, under the written law by virtue of which the money is to be taken for the purposes of this Part to be prescribed retained money may be paid out of or deducted from that prescribed retained money, whether before or after it was or is required to be paid to the Treasurer or Treasury.