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New South Wales regulation
This regulation fixes when parts of the Unclaimed Money law start, specifies which offences can be dealt with by penalty notices and the dollar amounts for those notices, and prescribes what must be stated when unclaimed money is offset to other debts. It affects people and organisations handling or claiming unclaimed money: individuals and non‑individual bodies face different penalty levels, and recipients of an offset must be told the amounts and the date their remaining entitlement is extinguished.
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Direct links to the current provisions in Unclaimed Money Regulation 2025.
2 Commencement
This regulation commences on the day on which the Revenue and Other Legislation Amendment Act 2025, Schedule 8 commences.
3 Penalty notices
(1) For the Act, section 47A—
(a) each offence created by a provision specified in Schedule 1 is an offence for which a penalty notice may be issued, and
(b) the amount payable for the penalty notice is the amount specified opposite the provision.
(2) If the provision is qualified by words that restrict its operation to limited kinds of offences or to offences committed in limited circumstances, the penalty notice may be issued only for—
(a) the limited kind of offence, or
(b) an offence committed in the limited circumstances.
4 Notice of offset of repayment to other debts
For the Act, section 26B(2)(b), the following matters must be included in the notice to the person—
(a) the total amount of unclaimed money payable to the person,
(b) the amount to be applied towards the debt,
(c) the amount of unclaimed money that will remain payable after the debt has been paid,
(d) the date the person’s right to the remaining unclaimed money is extinguished under the Act, section 16.
s 4: Ins 2026 (123), Sch 1.
Schedule 1 Penalty notice offences
section 3
| Provision | Penalty | | Offences under the Act | | Section 9C | For an individual—$5,500Otherwise—$11,000 | | Section 10 | For an individual—$5,500Otherwise—$11,000 | | Section 11 | For an individual—$440Otherwise—$2,200 | | Section 13C | For an individual—$440Otherwise—$2,200 | | Section 26N | For an individual—$5,500Otherwise—$11,000 | | Section 30 | For an individual—$440Otherwise—$2,200 |
Sourced from legislation.nsw.gov.au, CC BY 4.0.
1 Name of regulation
This regulation is the Unclaimed Money Regulation 2025.
2 Commencement
This regulation commences on the day on which the Revenue and Other Legislation Amendment Act 2025, Schedule 8 commences.
3 Penalty notices
(1) For the Act, section 47A—
(a) each offence created by a provision specified in Schedule 1 is an offence for which a penalty notice may be issued, and
(b) the amount payable for the penalty notice is the amount specified opposite the provision.
(2) If the provision is qualified by words that restrict its operation to limited kinds of offences or to offences committed in limited circumstances, the penalty notice may be issued only for—
(a) the limited kind of offence, or
(b) an offence committed in the limited circumstances.
4 Notice of offset of repayment to other debts
For the Act, section 26B(2)(b), the following matters must be included in the notice to the person—
(a) the total amount of unclaimed money payable to the person,
(b) the amount to be applied towards the debt,
(c) the amount of unclaimed money that will remain payable after the debt has been paid,
(d) the date the person’s right to the remaining unclaimed money is extinguished under the Act, section 16.
s 4: Ins 2026 (123), Sch 1.
Schedule 1 Penalty notice offences
section 3
| Provision | Penalty | | Offences under the Act | | Section 9C | For an individual—$5,500Otherwise—$11,000 | | Section 10 | For an individual—$5,500Otherwise—$11,000 | | Section 11 | For an individual—$440Otherwise—$2,200 | | Section 13C | For an individual—$440Otherwise—$2,200 | | Section 26N | For an individual—$5,500Otherwise—$11,000 | | Section 30 | For an individual—$440Otherwise—$2,200 |