Advertised money unpaid payable to the Treasurer
14 Advertised money unpaid payable to the Treasurer
Where any unclaimed money is advertised under section 11 and on the expiration of the period ending on 31 July next following the date on which it was advertised remains unpaid to the owner, that money —
if it is money which was advertised as proposed to be paid voluntarily under section 11(3)(a) may; and
in any other case, within 14 days thereafter, shall,
be paid by the holder to the Treasurer, unless the holder notifies the Treasurer of its payment in accordance with section 8(2) or satisfies the Treasurer that a person has established a valid claim to the money and that the claim will be met.
Where any prescribed retained money is advertised under section 11 that money shall, in the prescribed manner, be paid by the holder to the Treasurer.
This provision refers to the regulations (prescribed manner
). Made under this Act:
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