member unknown If, during a period of at least 6 years while a person has been
shown in the register of members of a registered scheme as the holder of
interests in the scheme:
- (a)
- the responsible entity has had reasonable
grounds for believing that the person was not residing at the address shown in
the register as their address; and
- (b)
- the responsible entity's attempts to communicate with the person have been
made using reasonable diligence but have all been unsuccessful;
the responsible entity may, by executing a transfer for and on behalf of the
person, transfer the interests and any rights in respect of them to ASIC to be
dealt with under this Part.