Money not claimed, and voluntarily paid to Treasury otherwise than as unclaimed or prescribed retained money
13 Money not claimed, and voluntarily paid to Treasury otherwise than as unclaimed or prescribed retained money
Where for a period of 2 years or more any money has been held by, or liable to be paid by, a person without any claim being made by the owner, on an application made by that person the Treasurer may, subject to the like requirements as are set out in section 7(4) but notwithstanding that that section does not otherwise apply, accept a voluntary payment of that money into Treasury under the authority conferred by this section.
On receipt of any money paid into Treasury under subsection (1) —
that money may be dealt with by the Treasurer as though it had been unclaimed money; and
the person making the payment into Treasury shall not thereby be deemed to have been a holder of unclaimed money, but shall be entitled as against the owner to the relief in respect of further liability afforded by section 4(2),
but the money remains subject to any trust or requirement of which the Treasurer was given notice in writing and specifically undertook to give effect to when approving the application made under subsection (1).
Subsection (1) does not apply to or in relation to money paid —
into Treasury, on an application approved under section 7(2);
in accordance with the approval to an application under section 7(3); or
under section 10(1), as being prescribed retained money.
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