NSWIn ForceAct
Unclaimed Money Act 1995
7Unclaimed money
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#### 7 Unclaimed money
7 Unclaimed money
> > (1) For the purposes of this Act, money is unclaimed money if it is money of a kind referred to in section 8 that an enterprise holds in an account that has not been operated on for at least—
> >
> > > (a) 2 years, or
> >
> > > (b) for a particular enterprise—a shorter period of at least 12 months that is—
> > >
> > > > (i) requested by the enterprise, and
> > >
> > > > (ii) approved by the Chief Commissioner.
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> > (2) The account may include—
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> > > (a) money whose owner is not identifiable, and
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> > > (b) money owned jointly or severally by 2 or more persons.
>
> **s 7:** Am 2025 No 37, Sch 8\[2\] \[3\].