Australian Capital Territory Consolidated Acts

UNCLAIMED MONEY ACT 1950 - NOTES

Note 2     For example, the Legislation Act, dict, pt 1, defines the following terms:

              •     ACT

              •     Commonwealth

              •     Corporations Act

              •     individual

              •     Minister

              •     property

              •     public trustee

              •     Territory.

"Commonwealth Act", for part 5 (Unclaimed RSA money)—see section 26.

"company "means—

        (a)     for part 2 (Unclaimed assets in hands of liquidators)—

              (i)     a body corporate that is a foreign company within the meaning of the Corporations Act, section 9; or

              (ii)     a body registered under the Cooperatives Act 2002; or

              (iii)     an association incorporated under the Associations Incorporation Act 1991; and

        (b)     for any other provision of the Act—

              (i)     an entity mentioned in paragraph (a); and

              (ii)     a body corporate that is a company or recognised company within the meaning of the Corporations Act, section 9.

"corresponding law" means a law of a State or another Territory declared under section 3 (Declaration of corresponding law) to be a law that corresponds with this Act.

"data processing device" means any article or material (including a disk) from which information can be reproduced with or without the aid of any other article or device.

"half year" means a period of 6 months ending on 30 June or 31 December.

"holder", for part 5 (Unclaimed RSA money)—see the Commonwealth Act, section 9.

"registered office"—see the Corporations Act, section 9.

"RSA", for part 5 (Unclaimed RSA money)—see the Commonwealth Act, section 8.

"RSA provider", for part 5 (Unclaimed RSA money)—see the Commonwealth Act, section 12.

"trust account" means the trust bank account maintained by the director-general of the administrative unit responsible for administering this Act in accordance with the Financial Management Act 1996, section 51.

"unclaimed amount", for part 3 (Unclaimed amounts payable by companies)—see section 6 (2).

"unclaimed RSA money", for part 5 (Unclaimed RSA money)—see section 26.

Endnotes

1     About the endnotes

Amending and modifying laws are annotated in the legislation history and the amendment history. Current modifications are not included in the republished law but are set out in the endnotes.

Not all editorial amendments made under the Legislation Act 2001, part 11.3 are annotated in the amendment history. Full details of any amendments can be obtained from the Parliamentary Counsel's Office.

Uncommenced amending laws and expiries are listed in the legislation history and the amendment history. These details are underlined. Uncommenced provisions and amendments are not included in the republished law but are set out in the last endnote.

If all the provisions of the law have been renumbered, a table of renumbered provisions gives details of previous and current numbering.

The endnotes also include a table of earlier republications.

2     Abbreviation key

A = Act	NI = Notifiable instrument
AF = Approved form	o = order
am = amended	om = omitted/repealed
amdt = amendment	ord = ordinance
AR = Assembly resolution	orig = original
ch = chapter	par = paragraph/subparagraph
CN = Commencement notice	pres = present
def = definition	prev = previous
DI = Disallowable instrument	(prev...) = previously
dict = dictionary	pt = part
disallowed = disallowed by the Legislative	r = rule/subrule
Assembly	reloc = relocated
div = division	renum = renumbered
exp = expires/expired	R[X] = Republication No
Gaz = gazette	RI = reissue
hdg = heading	s = section/subsection
IA = Interpretation Act 1967	sch = schedule
ins = inserted/added	sdiv = subdivision
LA = Legislation Act 2001	SL = Subordinate law
LR = legislation register	sub = substituted
LRA = Legislation (Republication) Act 1996	underlining = whole or part not commenced
mod = modified/modification	or to be expired

3     Legislation history

This Act was originally a Commonwealth ordinance—Unclaimed Moneys Ordinance 1950 No 15 (Cwlth).

The Australian Capital Territory (Self-Government) Act 1988 (Cwlth), s 34 (4) converted most former Commonwealth ordinances in force in the ACT into ACT enactments. This allowed the ACT Legislative Assembly to amend and repeal the laws. This Act was converted into an ACT enactment on 11 May 1989 (self-government day).

As with most ordinances in force in the ACT, the name was changed from Ordinance to Act by the Self-Government (Citation of Laws) Act 1989 No 21, s 5 on 11 May 1989 (self-government day).

It was renamed as the Unclaimed Money Act 1950 by the Justice and Community Safety Legislation Amendment Act 2005 (No 4) A2005-52 (see amdt 1.145).

Before 11 May 1989, ordinances commenced on their notification day unless otherwise stated (see Seat of Government (Administration) Act 1910 (Cwlth), s 12).

    Legislation before becoming Territory enactment

Unclaimed Money Act A1950-15

notified 21 December 1950 (Cwlth Gaz 1950 No 81)

commenced 21 December 1950

as amended by

Companies Ordinance 1954 Ord1954-14 sch 5

notified 20 August 1954 (Cwlth Gaz 1954 No 52)

commenced 1 October 1954 (s 2)

Companies Ordinance 1962 Ord1962-7 sch 1 pt 2

notified 21 June 1962 (Cwlth Gaz 1962 No 49)

commenced 1 July 1962 (s 2)

Ordinances Revision (Decimal Currency) Ordinance 1966 Ord1966-19 (as am by Ord1967-36)

notified 23 December 1966 (Cwlth Gaz 1966 No 109)

commenced 23 December 1966

Unclaimed Moneys Ordinance 1974 Ord1974-18

notified 30 April 1974 (Cwlth Gaz 1974 No 36)

commenced 30 April 1974

Unclaimed Moneys Ordinance (No 2) 1974 Ord1974-57

notified 31 December 1974 (Cwlth Gaz 1974 No 103G)

commenced 31 December 1974

Unclaimed Moneys (Amendment) Ordinance 1976 Ord1976-64

notified 7 December 1976 (Cwlth Gaz 1976 No S222)

commenced 7 December 1976

Ordinances Revision Ordinance 1977 Ord1977-65

notified 22 December 1977 (Cwlth Gaz 1977 No S294)

commenced 22 December 1977

Unclaimed Moneys (Amendment) Ordinance 1978 Ord1978-49

notified 28 December 1978 (Cwlth Gaz 1978 No S292)

commenced 28 December 1978

Ordinances Revision (Companies Amendments) Ordinance 1982 Ord1982-38 s 32 and sch 4

notified 30 June 1982 (Cwlth Gaz 1982 No S139)

commenced 1 July 1982 (s 2)

Unclaimed Moneys (Amendment) Ordinance 1982 Ord1982-51

notified 9 July 1982 (Cwlth Gaz 1982 No S149)

commenced 9 July 1982

Unclaimed Moneys (Amendment) Ordinance 1984 Ord1984-57

notified 26 October 1984 (Cwlth Gaz 1984 No S441)

commenced 26 October 1984

Administrative Arrangements (Consequential Amendments) Ordinance 1988 Ord1988-17

notified 22 April 1988 (Cwlth Gaz 1988 No S114)

commenced 22 April 1988

Self-Government (Consequential Amendments) Ordinance 1989 Ord1989-38 sch 1

notified 10 May 1989 (Cwlth Gaz 1989 No S160)

s 1, s 2 commenced 10 May 1989 (s 2 (1))

remainder commenced 11 May 1989 (s 2 (2) and Cwlth Gaz 1989 No S164)

    Legislation after becoming Territory enactment

Unclaimed Moneys (Amendment) Act 1990 A1990-28

notified 24 August 1990 (Gaz 1990 No S57)

ss 1-3 commenced 24 August 1990 (s 2 (1))

remainder commenced 3 September 1990 (s 2 (2))

Registrar-General (Consequential Provisions) Act 1993 A1993-64 sch 1

notified 6 September 1993 (Gaz 1993 No S172)

s 1, s 2 commenced 6 September 1993 (s 2 (1))

sch 1 commenced 1 October 1993 (s 2 (2) and Gaz 1993 No S207)

Statute Law Revision Act 1995 A1995-46 sch

notified 18 December 1995 (Gaz 1995 No S306)

commenced 18 December 1995 (s 2)

Unclaimed Moneys (Amendment) Act 1997 A1997-34

notified 30 June 1997 (Gaz 1997 No S180)

commenced 30 June 1997 (s 2)

Unclaimed Moneys Act 1998 A1998-1

notified 30 April 1998 (Gaz 1998 No S113)

s 9, s 10 taken to have commenced 30 June 1997 (s 2 (2))

remainder commenced 30 April 1998 (s 2 (1))

Legislation (Consequential Amendments) Act 2001 A2001-44 pt 398

notified 26 July 2001 (Gaz 2001 No 30)

s 1, s 2 commenced 26 July 2001 (IA s 10B)

pt 398 commenced 12 September 2001 (s 2 and see Gaz 2001 No S65)

Justice and Community Safety Legislation Amendment Act 2002 A2002-27 pt 16

notified LR 9 September 2002
s 1, s 2 commenced 9 September 2002 (LA s 75)
pt 16 commenced 7 October 2002 (s 2 (2))

Cooperatives Act 2002 A2002-45 amdt 6.8

notified LR 5 December 2002

s 1, s 2 commenced 5 December 2002 (LA s 75 (1))

amdt 6.8 commenced 5 June 2003 (s 2 and LA s 79)

Justice and Community Safety Legislation Amendment Act 2003 A2003-2 pt 19

notified LR 3 March 2003
s 1, s 2 commenced 3 March 2003 (LA s 75 (1))
pt 19 commenced 31 March 2003 (s 2 (2))

Justice and Community Safety Legislation Amendment Act 2005 (No 4) A2005-60 sch 1 pt 1.27

notified LR 1 December 2005

s 1, s 2 taken to have commenced 23 November 2005 (LA s 75 (2))

sch 1 pt 1.27 commenced 22 December 2005 (s 2 (4))

Justice and Community Safety Legislation Amendment Act 2010 (No 4) A2010-50 sch 1 pt 1.11

notified LR 14 December 2010

s 1, s 2 commenced 14 December 2010 (LA s 75 (1))

sch 1 pt 1.11 commenced 21 December 2010 (s 2 (1))

Administrative (One ACT Public Service Miscellaneous Amendments) Act 2011 A2011-22 sch 1 pt 1.159

notified LR 30 June 2011

s 1, s 2 commenced 30 June 2011 (LA s 75 (1))

sch 1 pt 1.159 commenced 1 July 2011 (s 2 (1))

4     Amendment history

Title
title     sub A1998-1 s 4
    am A2005-60 amdt 1.144

Name of Act
s 1     am Ord1974-18
    sub A2005-60 amdt 1.145

Dictionary
s 2     orig s 2 om Ord1977-65
    (prev s 3) am Ord1954-14 sch 4
    sub Ord1962-7 sch 1 pt 2; Ord1974-18 s 2
    am Ord1984-57 s 3
    renum A2001-44 amdt 1.4121
    defs reloc to dict A2005-60 amdt 1.148
    sub A2005-60 amdt 1.149
    am A2010-50 amdt 1.46
    def Registrar ins A1990-28 s 4
    om A1993-64 sch 1

Notes
s 2A     ins A2005-60 amdt 1.149

Declaration of corresponding law
s 3     orig s 3 renum as s 2 A2001-44 amdt 1.4121
    ins A2001-44 amdt 1.4122

Registrar
s 3AA     ins A1990-28 s 5
    om A1993-64 sch 1

Seal of office
s 3AB     ins A1990-28 s 5
    om A1993-64 sch 1

Delegation by the Treasurer
s 3A     ins Ord1974-18 s 2
    am Ord1974-57 s 2; Ord1982-51 s 2; Ord1988-17 sch 2; Ord1989-38 sch 1
    om A2003-2 s 86

Unclaimed assets in hands of liquidator
s 4     sub Ord1974-18 s 3
    am Ord1976-64; Ord1978-49; Ord1982-38 sch 4; Ord1982-51 s 2; Ord1984-57 s 4; Ord1989-38 sch 1; A1990-28 s 6; A1993-64 sch 1; A2002-27 s 78; A2005-60 amdt 1.150, amdt 1.151

Payments to people entitled
s 5     am Ord1974-18 s 4; Ord1982-51 s 2; Ord1984-57 s 5; Ord1988-17 sch 2; Ord1989-38 sch 1; A2005-60 amdts 1.152-1.155

Meaning of company in pt 2
s 5A hdg     ins A1990-28 notes
s 5A     ins Ord1982-38 s 32
    am A1995-46 sch
    om A2005-60 amdt 1.156

Unclaimed amounts payable by companies
pt 3 hdg     sub A2005-60 amdt 1.157

Application—pt 3
s 6     sub Ord1974-18 s 5
    am A2005-60 amdt 1.158, amdt 1.159

Register of unclaimed amounts to be kept
s 7 hdg     sub A2005-60 amdt 1.160
s 7     am Ord1966-19 (as am by Ord1967-36); A2001-44 amdt 1.4123, amdt 1.4124; A2005-60 amdt 1.161, amdt 1.162

Notice of particulars of register to be given to public trustee
s 8     am Ord1982-51 s 2
    sub Ord1984-57 s 6
    am A1990-28 s 6; A1993-64 sch 1
    sub A2001-44 amdt 1.4125
    am A2002-27 s 79
    sub A2005-60 amdt 1.163

Failure to compile and publish register
s 9 hdg     sub A2001-44 amdt 1.4126
s 9     am Ord1966-19 (as am by Ord1967-36);Ord1974-18 s 6; Ord1984-57 s 7; A1998-1 s 6; A2005-60 amdt 1.164, amdt 1.165

Payment of unclaimed amounts to Territory
s 10     am Ord1974-18 s 7; Ord1984-57 s 8; Ord1989-38 sch 1; A2001-44 amdt 1.4127
    sub A2005-60 amdt 1.166

Failure to pay unclaimed amounts
s 11 hdg     sub A2005-60 amdt 1.167
s 11     am Ord1966-19; Ord1974-18 s 8; Ord1984-57 s 9; Ord1989-38 sch 1; A1998-1 s 7; A2005-60 amdts 1.168-1.170

Examination of accounts etc
s 12     am Ord1966-19; Ord1982-51 s 2; Ord1984-57 s 10; A1990-28 s 6; A1993-64 sch 1; A1998-1 s 8; A2002-27 s 80
    om A2005-60 amdt 1.171

Payment of unclaimed amounts to claimants
s 13 hdg     sub A2005-60 amdt 1.172
s 13     sub Ord1974-18 s 9
    am Ord1982-51 s 2; Ord1984-57 s 11; Ord1988-17 sch 2; Ord1989-38 sch 1; A2005-60 amdts 1.173-1.176

Recovery of penalties
s 14     om A2005-60 amdt 1.177

Pt 3 does not apply to certain unclaimed amounts
s 15     sub A2005-60 amdt 1.178

Unclaimed superannuation benefits
pt 4 hdg     ins A1997-34 s 4
    om A2010-50 amdt 1.47

Definitions—pt 4
s 16     ins A1997-34 s 4
    om A2010-50 amdt 1.47
    def approved deposit fund ins A1997-34 s 4
    sub A2005-60 amdt 1.179
    om A2010-50 amdt 1.47
    def Commonwealth Act ins A1997-34 s 4
    om A2010-50 amdt 1.47
    def eligibility age ins A1997-34 s 4
    sub A1998-1 s 9
    om A2010-50 amdt 1.47
    def fund ins A1997-34 s 4
    om A2010-50 amdt 1.47
    def regulated superannuation fund ins A1997-34 s 4
    sub A2005-60 amdt 1.180
    om A2010-50 amdt 1.47
    def unclaimed amount ins A1997-34 s 4
    sub A2005-60 amdt 1.180
    om A2010-50 amdt 1.47

Application—pt 4
s 17     ins A1997-34 s 4
    am A1998-1 s 10; A2005-60 amdt 1.181
    om A2010-50 amdt 1.47

Unclaimed amounts for pt 4
s 18 hdg     sub A2005-60 amdt 1.182
s 18     ins A1997-34 s 4
    am A2005-60 amdt 1.183, amdt 1.184
    om A2010-50 amdt 1.47

Deeming age or sex
s 19     ins A1997-34 s 4
    om A2010-50 amdt 1.47

Statement of unclaimed amounts
s 20 hdg     sub A2005-60 amdt 1.185
s 20     ins A1997-34 s 4
    am A2001-44 amdts 1.4128-1.4130; ss renum R3 LA (see A2001-44 amdt 1.4131); A2005-60 amdt 1.186
    om A2010-50 amdt 1.47

Payment of unclaimed amounts to Minister
s 21 hdg     sub A2005-60 amdt 1.187
s 21     ins A1997-34 s 4
    am A1998-1 s 11
    om A2010-50 amdt 1.47

Discharge of trustee from liability
s 22     ins A1997-34 s 4
    om A2010-50 amdt 1.47

Payment to person entitled
s 23     ins A1997-34 s 4
    am A2001-44 amdts 1.4132-1.4134; A2005-60 amdt 1.188
    om A2010-50 amdt 1.47

Repayment of excess amounts
s 24 hdg     sub A2005-60 amdt 1.189
s 24     ins A1997-34 s 4
    om A2010-50 amdt 1.47

Register of amounts received by Minister
s 25 hdg     sub A2005-60 amdt 1.190
s 25     ins A1997-34 s 4
    am A2005-60 amdt 1.191
    om A2010-50 amdt 1.47

Unclaimed RSA money
pt 5 hdg     ins A1998-1 s 12

Definitions—pt 5
s 26     ins A1998-1 s 12
    def Commonwealth Act ins A1998-1 s 12
    def holder ins A1998-1 s 12
    sub A2005-60 amdt 1.192
    def RSA ins A1998-1 s 12
    sub A2005-60 amdt 1.192
    def RSA provider ins A1998-1 s 12
    sub A2005-60 amdt 1.192
    def unclaimed RSA money ins A1998-1 s 12

Application of pt 5
s 27     ins A1998-1 s 12

Statement of unclaimed RSA money
s 28     ins A1998-1 s 12
    am A2001-44 amdts 1.4135-1.4137; ss renum R3 LA (see A2001-44 amdt 1.4138)

Payment of unclaimed RSA money to Minister
s 29     ins A1998-1 s 12

Discharge of RSA provider from liability
s 30     ins A1998-1 s 12

Payment to applicant
s 31     ins A1998-1 s 12
    am A2001-44 amdts 1.4139-1.4141

Repayment of excess amount
s 32     ins A1998-1 s 12

Register of unclaimed RSA money received
s 33     ins A1998-1 s 12

Determination of fees
s 34     ins A2001-44 amdt 1.4142

Approved forms
s 35     ins A2001-44 amdt 1.4142

Transitional—Justice and Community Safety Legislation Amendment Act 2010 (No 4)
pt 6 hdg     ins A2010-50 amdt 1.48
    exp 21 March 2011 (s 37)

Transitional—payment of money to the Commissioner of Taxation
s 36     ins A2010-50 amdt 1.48
    exp 21 March 2011 (s 37)

Expiry—pt 6
s 37     ins A2010-50 amdt 1.48
    exp 21 March 2011 (s 37)

The Schedules
hdg     om A2001-44 amdt 1.4143

First Schedule
    am A1974-18 s 10
    om A2001-44 amdt 1.4144

Second Schedule
    am Ord1974-18 s 11; Ord1984-57 s 12
    om A2001-44 amdt 1.4144

Dictionary
dict     ins A2005-60 amdt 1.193
    def approved deposit fund ins A2005-60 amdt 1.193
    om A2010-50 amdt 1.49
    def Commonwealth Act ins A2005-60 amdt 1.193
    sub A2010-50 amdt 1.50
    def company am Ord1982-38 sch 4; Ord1984-57 s 3; A1993-64 sch 1; A1995-46 sch; A2002-45 amdt 6.8
    sub A2005-60 amdt 1.146
    reloc from s 2 A2005-60 amdt 1.148
    def corresponding law am Ord1982-51 s 2; Ord1988-17 sch 2
    sub A2001-44 amdt 1.4120
    reloc from s 2 A2005-60 amdt 1.148
    def data processing device ins A1998-1 s 5
    reloc from s 2 A2005-60 amdt 1.148
    def eligibility age ins A2005-60 amdt 1.193
    om A2010-50 amdt 1.51
    def fund ins A2005-60 amdt 1.193
    om A2010-50 amdt 1.51
    def half year ins A1998-1 s 5
    reloc from s 2 A2005-60 amdt 1.148
    def holder ins A2005-60 amdt 1.193
    def registered office ins A1998-1 s 5
    sub A2005-60 amdt 1.147
    reloc from s 2 A2005-60 amdt 1.148
    def regulated superannuation fund ins A2005-60 amdt 1.193
    om A2010-50 amdt 1.51
    def RSA ins A2005-60 amdt 1.193
    def RSA provider ins A2005-60 amdt 1.193
    def trust account ins A1998-1 s 5
    reloc from s 2 A2005-60 amdt 1.148
    am A2011-22 amdt 1.447
    def unclaimed amount ins A2005-60 amdt 1.193
    sub A2010-50 amdt 1.52
    def unclaimed RSA money ins A2005-60 amdt 1.193

5     Earlier republications

Some earlier republications were not numbered. The number in column 1 refers to the publication order.

Since 12 September 2001 every authorised republication has been published in electronic pdf format on the ACT legislation register. A selection of authorised republications have also been published in printed format. These republications are marked with an asterisk (*) in column 1. Electronic and printed versions of an authorised republication are identical.

Republication No	Amendments to	Republication date
1	A1990-28	31 May 1991
2	A1997-34	30 June 1997
3	A2001-44	24 January 2002
4	A2002-27	7 October 2002
5	A2003-2	31 March 2003
6	A2003-2	5 June 2003
7	A2005-60	22 December 2005
8	A2010-50	21 December 2010
9	A2010-50	22 March 2011

© Australian Capital Territory 2011

Australian Capital Territory

A1950-15

Republication No 10

Effective: 1 July 2011

Republication date: 1 July 2011

Last amendment made by A2011-22





Unauthorised version prepared by ACT Parliamentary Counsel's Office

About this republication

The republished law

This is a republication of the Unclaimed Money Act 1950

(including any amendment made under the Legislation Act 2001, part 11.3 (Editorial changes)) as in force on 1 July 2011

. It also includes any commencement, amendment, repeal or expiry affecting this republished law to 1 July 2011

.

The legislation history and amendment history of the republished law are set out in endnotes 3 and 4.

Kinds of republications

The Parliamentary Counsel's Office prepares 2 kinds of republications of ACT laws (see the ACT legislation register at www.legislation.act.gov.au):

              • authorised republications to which the Legislation Act 2001 applies

              • unauthorised republications.

The status of this republication appears on the bottom of each page.

Editorial changes

The Legislation Act 2001, part 11.3 authorises the Parliamentary Counsel to make editorial amendments and other changes of a formal nature when preparing a law for republication. Editorial changes do not change the effect of the law, but have effect as if they had been made by an Act commencing on the republication date (see Legislation Act 2001, s 115 and s 117). The changes are made if the Parliamentary Counsel considers they are desirable to bring the law into line, or more closely into line, with current legislative drafting practice.

This republication does not include amendments made under part 11.3 (see endnote 1).

Uncommenced provisions and amendments

If a provision of the republished law has not commenced, the symbol  U  appears immediately before the provision heading. Any uncommenced amendments that affect this republished law are accessible on the ACT legislation register (www.legislation.act.gov.au). For more information, see the home page for this law on the register.

Modifications

If a provision of the republished law is affected by a current modification, the symbol  M  appears immediately before the provision heading. The text of the modifying provision appears in the endnotes. For the legal status of modifications, see the Legislation Act 2001, section 95.

Penalties

At the republication date, the value of a penalty unit for an offence against this law is $110 for an individual and $550 for a corporation (see Legislation Act 2001, s 133).

Australian Capital Territory

Unclaimed Money Act 1950

Endnotes

Australian Capital Territory

Unclaimed Money Act 1950