14Unclaimed money

#### 14 Unclaimed money 14 Unclaimed money > > (1) This section provides for how unclaimed money in a trust account is to be dealt with, as contemplated by section 167 of the [Legal Profession Uniform Law (NSW)](/view/html/inforce/current/act-2014-16a). > > > (2) If a law practice holding money in a trust account cannot find the person on whose behalf the money is held or a person authorised to receive it, the practice may— > > > > > (a) pay the money to the Treasurer for credit to the Consolidated Fund, and > > > > > (b) provide the Treasurer with such information as the Treasurer requires in relation to the money and the person on whose behalf the money was held by the practice. > > > (3) If a law practice pays money to the Treasurer under subsection (2), the practice is relieved from any further liability in relation to the money. > > > (4) The Treasurer must pay money deposited under this section to a person who satisfies the Treasurer as to his or her entitlement to the money. > > > (5) Payment of money to a person under subsection (4)— > > > > > (a) discharges the Crown and the Treasurer from any liability in relation to the money, and > > > > > (b) does not discharge the person from any liability to another person who establishes a right to the money. > > > (6) The Treasurer may require any person to provide information that the person has, or can obtain, about the entitlement of a person to money paid to the Treasurer under this section and attempts made to locate the person. > > > (7) A person of whom a requirement is made under subsection (6)— > > > > > (a) must comply with the requirement, and > > > > > (b) must not, in purported compliance with the requirement, give information that he or she knows is false or misleading in a material particular. > > > > Maximum penalty (subsection (7)): 20 penalty units.