South Australian Current Regulations

INDEPENDENT COMMISSION AGAINST CORRUPTION REGULATIONS 2013 - REG 6

6—Interpretation

In this Part, unless the contrary intention appears—

"money" includes a negotiable instrument;

"prescribed account" means an ADI account established and maintained by the Commission for the purpose of holding money that is in the custody of the Commission or the proceeds of the sale of other things in the custody of the Commission;

"property" includes anything that has been seized or made the subject of a retention order under section 31 of the Act;

"unclaimed property" means property that has been in the custody of the Commission for the period of at least 2 months after the designated period in respect of the property and in relation to which—

            (a)         there is no person who appears, to the satisfaction of the Commissioner, to be the owner of the property; or

            (b)         there is such a person but that person has not been located after reasonable inquiry; or

            (c)         there is such a person but that person has not exercised his or her right to recover the property.