Unclaimed Money Act 2015
27Payment into Public Account
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27 Payment into Public Account
(1) [Section 27 Subsection (1) amended by No. 38 of 2020, Sched. 1, Applied:27 Nov 2020] If unclaimed money has been unclaimed for a period of 2 years after it was paid to the Treasurer, the Treasurer may direct that the money be paid into the Public Account.
(2) [Section 27 Subsection (2) amended by No. 38 of 2020, Sched. 1, Applied:27 Nov 2020] The payment of unclaimed money into the Public Account does not affect or prejudice the right of the owner of the unclaimed money, and the owner may recover the unclaimed money as if the money had not been paid into the Public Account.
(3) [Section 27 Subsection (3) amended by No. 38 of 2020, Sched. 1, Applied:27 Nov 2020] If a lawful claim is made under section 12 , 13 or 25 for unclaimed money that has been paid into the Public Account, the Treasurer is to direct that payment be made to the claimant.
(4) [Section 27 Subsection (4) amended by No. 38 of 2020, Sched. 1, Applied:27 Nov 2020] Any amount payable to a claimant under subsection (3) is payable out of the Public Account, which is, to the necessary extent, appropriated accordingly.