Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) If the owner of the copyright in a musical work or musical works cannot be found by reasonable inquiry by the manufacturer of records of that work or those works, payment in respect of those records of that work or those works of the prescribed royalty referred to in sub‑subparagraph 55 (1) (d) (ii) (B) of the Act is taken to be constituted by the manufacturer:
(a) before the expiration of twenty‑eight days after each accounting period, depositing the amount of the royalties in respect of records sold or supplied during that accounting period in a bank account in which no other moneys are deposited except:
(i) royalties payable in respect of other records of the same work or works or of other works the copyright in which is owned by the owner;
(ii) royalties payable in respect of other works the owner of the copyright in which cannot be found by reasonable inquiry; or
(iii) royalties in relation to which the next succeeding regulation applies;
(b) subject to the next succeeding paragraph, maintaining each such amount on deposit in that account until the expiration of a period of six years from the date of making of the deposit; and
(c) if the owner of the copyright is found before the expiration of that period -- within one month after the owner is found, paying to the owner the amount so maintained on deposit and serving on the owner or, if the owner is outside Australia, serving by post on the owner, a statement in relation to the records as provided by subregulation (3) of regulation 10 of these Regulations.
(2) For the purposes of this regulation, an accounting period, in relation to the owner of the copyright in a musical work or musical works and the manufacturer, is:
(a) the period of three months immediately following:
(i) the date on which the manufacturer first sells or supplies a record of the work or of any of the works; or
(ii) if the manufacturer fixes an earlier date -- that earlier date; or
(b) a period of three months immediately following the expiration of the period referred to in the last preceding paragraph or immediately following the expiration of a period that is an accounting period in relation to those persons by virtue of a previous application of this paragraph.