CORPORATIONS ACT 2001 - SECT 1339 ASIC to deal with unclaimed property
CORPORATIONS ACT 2001 - SECT 1339
ASIC to deal with unclaimed property(1) Unclaimed property held by ASIC is to be dealt with in accordance with this Part.
Note: Unclaimed property is held by ASIC for and on behalf of the Commonwealth (see subsections 8(3) and (4) of the ASIC Act).
(2) If property (other than money) becomes unclaimed property,
ASIC must, on behalf of the Commonwealth, sell or dispose of the property as
ASIC thinks fit.