Queensland Consolidated Acts

AGENTS FINANCIAL ADMINISTRATION ACT 2014 - SECT 63

63 Money not dealt with by receiver

(1) This section applies to receivership property consisting of money in the receiver’s possession.

(2) The receiver must give the money to the chief executive if—

(a) the receiver has not dealt with it under this division; and

(b) the chief executive, by written notice, asks for it.

(3) Money given to the chief executive under subsection (2) must be paid to the consolidated fund and be paid from the claim fund in the following order—

(a) to reimburse claims paid from the claim fund in relation to the agent;

(b) to pay unsatisfied claims against the claim fund in relation to the agent;

(c) to pay the remuneration and costs of a receiver appointed under section 47 ;

(d) to pay the remuneration and costs of a special investigator appointed under section 70 ;

(e) to pay claims by the agent against the money.