Workers Compensation Act 1987
87Unclaimed money
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87 Unclaimed money
87 Unclaimed money
(cf former s 62B)
(1) If—
(a) any money paid at any time to the NSW Trustee has been invested by the NSW Trustee for the benefit of a person entitled to the money under this Act or the former Act, and
(b) the whereabouts of the beneficiary has not been known to the NSW Trustee during any succeeding period of 10 years,
the NSW Trustee may pay the money, together with accrued income from the investment of the money, to the credit of the Workers Compensation Operational Fund.
(2) Money so credited to the Workers Compensation Operational Fund, together with accrued interest, shall—
(a) be paid out on the application of any person who would have been entitled to have it paid out if it had not been credited to that Fund, and
(b) at the request of the person for whose benefit it was invested before being credited to that Fund, or the legal personal representative of that person—again be so invested.
s 87: Am 1988 No 132, Sch 1 (4); 1989 No 121, Sch 1; 1996 No 120, Sch 1.9 [8]; 2009 No 49, Sch 2.64 [2]; 2015 No 19, Sch 5 [11].