31Unclaimed moneys

31 Unclaimed moneys

(1) An amount paid by a bank to the Commonwealth under section fifty‑six of the Banking Act 1945‑1953 and, immediately before the commencement of this Part, standing to the credit of the Trust Fund kept under section sixty of the Audit Act 1901‑1957 shall, subject to the next succeeding subsection, be paid, at the expiration of six years after payment to the Commonwealth, to the Consolidated Revenue Fund. (2) Subsection (7) of section sixty‑nine of the Banking Act 1959 applies to unclaimed moneys paid to the Treasurer under section fifty‑six of the Banking Act 1945 or to the Commonwealth under section fifty‑six of the Banking Act 1945‑1953 as if those moneys had been paid to the Commonwealth under that first‑mentioned section. (3) The Consolidated Revenue Fund is appropriated for the purposes of, and to the extent necessary to give effect to, the last preceding subsection.