Unclaimed Money Act 2015
7Unclaimed money to be paid to Treasurer
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7 Unclaimed money to be paid to Treasurer
(1) All unclaimed money to which this Part applies that has not been paid by the holder to the owner within one year after the money has been, or should have been, entered in the register referred to in section 5 is to be paid by the holder to the Treasurer for credit to the Public Account.
(2) The holder, on the payment to the Treasurer of the unclaimed money referred to in subsection (1) , is to provide the Treasurer with a return relating to that money in a form approved by the Treasurer.
(3) On payment to the Treasurer of an amount as required by this section, the holder is discharged from further liability in respect of that amount.
(4) A holder must not fail to pay unclaimed money to the Treasurer, or fail to provide a return to the Treasurer relating to that money, as required by this section.
Penalty: Fine not exceeding 50 penalty units and, in the case of a continuing offence, a further fine not exceeding 5 penalty units for each day during which the offence continues.