14Supplementary order as assurance, transfer etc

14 Supplementary order as assurance, transfer etc

14 Supplementary order as assurance, transfer etc

(1) Where an order under this Act is made by the Commissioner or by the Tribunal the authority making such order may, by the same order, or the Commissioner may, by a subsequent order, give such directions as to the Commissioner or the Tribunal seem fit for the assurance, transfer, payment or vesting of any real or personal property comprising or forming part of the dormant fund.

(2) Any person who refuses or neglects to comply with the directions in any such order shall be guilty of an offence and shall be liable to a penalty not exceeding 1 penalty unit and to a further penalty not exceeding 0.1 penalty unit for every day during which the offence continues.

(3) Where any person directed by any such order to execute or make any assurance, transfer, payment or vesting of property, has refused or neglected to do so for a period of twenty-eight days, the Commissioner or the Tribunal, as the case may be, may appoint any other person to execute or make such assurance, transfer, payment or vesting in the name of such first-mentioned person and to do all acts necessary to give validity and operation thereto.

(4) The execution or making of such assurance, transfer, payment or vesting, and the assurance, transfer, payment or vesting so executed or made by the person so appointed shall, in all respects, have the same force or validity as if the same had been executed or made by the person directed by the order to execute or make the same.

s 14: Am 1992 No 112, Sch 1; 2013 No 95, Sch 3.1 [9].