8AEnterprise must first make reasonable efforts to ensure owner is paid money

#### 8A Enterprise must first make reasonable efforts to ensure owner is paid money 8A Enterprise must first make reasonable efforts to ensure owner is paid money > > (1) An enterprise that holds any money of a kind referred to in section 8 in an account referred to in section 7 (1) must make reasonable efforts— > > > > > (a) to identify and locate the owner of the money, and > > > > > (b) to ensure that the money is paid to the owner of the money. > > > > Maximum penalty— > > > > > (a) for an individual—250 penalty units, or > > > > > (b) otherwise—500 penalty units. > > > (2) Money held by an enterprise in an account is not unclaimed money (despite section 7) unless, after making reasonable efforts and after a reasonable period has passed, the enterprise is unable to ensure that the money is paid to the owner of the money. > > > (3) This section does not apply in respect of any money that is not unclaimed money because of section 9. > > **s 8A:** Ins 2001 No 96, Sch 4 \[1\]. Am 2025 No 37, Sch 8\[4\].