South Australian Numbered Acts

UNCLAIMED MONEY ACT 2021 (NO 45 OF 2021) - SECT 4

4—Register of unclaimed money

        (1)         A corporation to which this section applies must—

            (a)         maintain a register of unclaimed money in a form determined by the Treasurer; and

            (b)         make the register available, free of charge—

                  (i)         on the corporation's website; or

                  (ii)         on a website approved by the Treasurer for the purposes of this subsection; and

            (c)         by 31 January each year, enter into the register the particulars determined by the Treasurer relating to unclaimed money exceeding the prescribed amount held by the corporation as at 1 January in that year.

Maximum penalty: $5 000.

        (2)         This section applies to a corporation that carries on business in this State other than—

            (a)         a corporation established on a non-profit basis; or

            (b)         an ADI; or

            (c)         a superannuation provider within the meaning of the Superannuation (Unclaimed Money and Lost Members) Act 1999 of the Commonwealth; or

            (d)         a corporation of a prescribed kind.