Australian Capital Territory Numbered Acts

CO-OPERATIVES NATIONAL LAW (ACT) ACT 2017 (NO. 8 OF 2017) - SECT 14

For the Co-operatives National Law (ACT) , section 436 (3) (b) (ii), the Corporations Act

, section 1341 (1) and (2) (Entitlement to unclaimed property) are taken to be omitted and substituted by the following subsections and note:

    ‘(1)     If unclaimed property is an amount of money, the amount must be paid to the public trustee and guardian.

Note     A person who claims to be entitled to an amount paid to the public trustee and guardian under this section may apply to the public trustee for payment of the amount (see Unclaimed Money Act 1950

, pt 5).

    (2)     If unclaimed property has been sold or disposed of under section 1339 (2), the amount of the proceeds must be paid to the public trustee and guardian.'