Australian Capital Territory Current Acts

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UNCLAIMED MONEY ACT 1950 - SECT 7

Register of unclaimed amounts to be kept

    (1)     If, in a year, any amounts payable by a company have become unclaimed amounts, the company must, not later than 31 January in the next year, enter particulars of the amounts in an alphabetical register kept for the year by the company at its head or principal office in the ACT.

Note     If a form is approved under s 35 for the register, the form must be used.

    (2)     The company must, on payment or tender of a fee of 20 cents, allow anyone to inspect, at that head or principal office during the hours when the company transacts its ordinary business, all registers kept by the company under this section.

    (3)     If a company pays an amount entered in a register kept by the company under this section to the person entitled to the amount, the company may delete from the register the entry relating to the amount.



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