New South Wales Consolidated Acts

DORMANT FUNDS ACT 1942 - SECT 7

7 Power to require accounts and statements

(1) The Commissioner may require written accounts and statements and answers to inquiries relating to any dormant fund to be rendered or made to the Commissioner by any of the following persons, that is to say:

(a) the trustees or other persons by whom the dormant fund is held or in whom the dormant fund is vested,

(b) agents of any such trustees or persons,

(c) depositories of any funds, securities or moneys comprising or forming part of the dormant fund,

(d) persons having the possession or control of any documents concerning or relating to the dormant fund or the trusts thereof or the purposes for which the dormant fund was to be utilised or applied.

(2) The Commissioner may require the trustees or persons rendering or making any such account, statement or answer to verify the same by statutory declaration.

(3) Nothing in this section shall extend to give the Commissioner any power of requiring from any person holding or claiming to hold any property adversely to the trustees of the dormant fund or free or discharged from the trusts attaching to the dormant fund, any information or the production of any deed or document whatsoever in relation to the property so held or claimed adversely or any trusts alleged to affect the same.