Exemption to allow voluntary payment of interest earned on patients trust account
2B Exemption to allow voluntary payment of interest earned on patients trust account
For the purpose of enabling unclaimed money to which this regulation applies to be dealt with under section 13 of the Act, section 7(4)(a) of the Act is to be read as if it had been amended after “satisfied that” by inserting “, to the extent to which they can reasonably be ascertained,”.
This regulation applies to unclaimed money that was interest credited to the patients trust account prior to 30 June 1994.
In subregulation (2) —
patients trust account means the trust account, called the “Hospital Patients’ Private Property Trust Account” held by the Health Department of Western Australia 4 with the Treasury, in which money was held on behalf of patients in various departmental hospitals and nursing homes.
[Regulation 2B inserted: Gazette 11 Dec 1998 p. 6653.]
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