South Australian Numbered Acts

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UNCLAIMED MONEY ACT 2021 (NO 45 OF 2021) - SECT 5

5—Unclaimed money to be paid to Treasurer

        (1)         Unclaimed money that has not been paid by a corporation to the owner of the money before the second anniversary of the day on which notice of the unclaimed money first appeared on a register of unclaimed money maintained by the corporation (whether under this Act or the repealed Act) must be paid by the corporation to the Treasurer within 4 months after that anniversary.

Maximum penalty: $5 000.

        (2)         Money paid to the Treasurer under subsection (1)

must be credited to the Consolidated Account.



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