UNCLAIMED MONEY ACT 1995 - SECT 16 Extinguishment of entitlement

UNCLAIMED MONEY ACT 1995 - SECT 16

16 Extinguishment of entitlement

Despite the Limitation Act 1969 --

(a) if an owner's right to money paid to the Chief Commissioner under this Act was not extinguished before the date of that payment, the owner's entitlement under this Part is not extinguished until the end of a period of 6 years beginning on that date, and

(b) the owner's right to that money subsists until the end of that period.