Unclaimed Money Act 1990

In this Act, unless the contrary intention appears —

to unclaimed money, includes a person who is by section 7 taken, or deemed, to be for the purposes of this Act the holder; and

to prescribed retained money, means the person who holds the money under the written law by virtue of which the money is for the purposes of section 9 to be taken to be prescribed retained money;

a person acting for or on behalf of the owner;

the personal representative of a deceased owner; or

any other person lawfully claiming an interest, derived though the owner;

money deemed to be unclaimed money by the operation of section 7(2) or (3) or section 10(1); and

money to which section 13(2) applies.

References in this Act —

to money, include the principal and, subject to section 16(1), any interest paid or payable in relation to that money;

to interest, include any amount in the nature of interest, and any dividend, bonus or profit derived from the principal; or

to money which is held, include an amount which although not in the possession of the holder is subject to the control of the holder,

For the purposes of this Act, money may be taken to be liable to be paid notwithstanding that, as between a holder and an owner, a notice or demand would be required before that money became owed or payable.