Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Registrar, on behalf of the Commonwealth, holds unclaimed property that is money at the time when it becomes unclaimed property on trust in accordance with, and for the purposes of, this Part.
(2) If unclaimed property is not money at the time when it becomes unclaimed property, the Registrar must:
(a) on behalf of the Commonwealth, hold the property on trust in accordance with, and for the purposes of, this Part until it is dealt with under paragraph (b); and
(b) sell or dispose of the property as the Registrar thinks fit
and hold the proceeds, on behalf of the Commonwealth, on trust in accordance
with, and for the purposes of, this Part.