1Purpose

1 Purpose The purpose of this Act is— (a) to re-enact with amendments the law relating to unclaimed money so as to continue to provide for— (i) the collection and safekeeping of unclaimed money and unclaimed superannuation benefits; (ii) the collection of information needed to identify and locate the owner of unclaimed money; (iii) the keeping of registers of details (including business registers, the unclaimed money register and the register of unclaimed superannuation benefits) relating to unclaimed money and unclaimed superannuation benefits so that the owner can be identified and located; (iv) the publication of sufficient information for the purposes of identifying and locating the owner of unclaimed money and unclaimed superannuation benefits; (v) the payment, into the Consolidated Fund, of money paid into Court which is unclaimed; (b) to repeal the **Unclaimed Moneys Act 1962**.