Commonwealth Numbered Acts

POSTAL SERVICES ACT 1975 No. 54, 1975 - SECT 107

107. (1) Where moneys received by the Commission for transmission to a person
have remained unclaimed for a period of 1 year after the moneys become payable
to that person, the moneys shall be paid by the Commission into an account
kept by the Commission to be called the Unclaimed Moneys Fund.

(2) Notwithstanding the payment of moneys into the Unclaimed Moneys Fund, the
Commission shall, upon being satisfied while the moneys are in that Fund that
a person is entitled to the payment of the moneys or a part of the moneys, pay
an amount equal to the amount of those moneys or of that part to that person
out of that Fund and the receipt by him of that amount is a good discharge to
the Commission in respect of those moneys or that part of those moneys.

(3) Where moneys have remained in the Unclaimed Moneys Fund for a period of 5
years, the moneys shall be paid out of the Unclaimed Moneys Fund into the
Consolidated Revenue Fund.

(4) Where moneys have been paid out of the Unclaimed Moneys Fund in accordance
with sub-section (3), the Commission ceases to be liable to make any payments
to any person in respect of the moneys or the matter to which the moneys
relate but, if the Treasurer is satisfied that special reasons exist for doing
so, the Treasurer may nevertheless make a payment to a person who satisfies
the Treasurer that he is entitled to a payment in respect of those moneys or
of such a matter.