ACTIn ForceAct
Agents Act 2003
123Duties of commissioner in relation to unclaimed money in
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123 Duties of commissioner in relation to unclaimed money in
trust accounts
(1) Within 6 months after the day the commissioner for fair trading
receives a statement under section 122, the commissioner must
prepare a notice—
(a) containing details of—
(i) the name and last-known address of each person on whose
behalf money is held; and
(ii) the amount of money held on behalf of the person; and
(b) stating that, if the money is not paid out of the trust account in
which it is held within 3 months after the day the notice is
notified under the Legislation Act, the person holding the money
will be required to pay it to the public trustee and guardian.
(2) The notice is a notifiable instrument.
(3) The commissioner for fair trading must give additional public notice
as soon as practicable after preparing the notice.
newspaper circulating in the ACT (see Legislation Act, dict, pt 1). The
requirement in s (3) is in addition to the requirement for notification on
the legislation register as a notifiable instrument.