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CORPORATIONS ACT 1989 No. 109 of 1989 - SECT 1343
Disposal of securities if whereabouts of holder unknown
1343. Where a person has been shown in an appropriate register of a company as
the holder of securities of the company for a period of at least 6 years and
the company has, for a period of at least 6 years:
(a) had reasonable grounds for believing that the person was not residing
at the address shown in the register as the person's address; and
(b) on each occasion during that last-mentioned period when, whether or
not in accordance with a provision of this Act, it sought to
communicate with the person, being unable after the exercise of
reasonable diligence to do so; the company may, by executing a
transfer for and on behalf of the person, transfer to the Minister:
(c) the securities; and
(d) any rights in respect of the securities; to be dealt with under this
Part.
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