New South Wales Consolidated Regulations

RETIREMENT VILLAGES REGULATION 2000 - REG 34

34 Records and accounting

(1) The operator must make (and retain for a period of at least 2 years) a record of all uncollected goods that he or she disposes of under clause 33.

(2) The operator must account to the former resident (or to the executor or administrator of the estate of a deceased former resident) for the balance of the proceeds of the sale of the goods after the deduction of the reasonable costs of removal, storage and sale of the goods.

(3) However, if the operator has no forwarding address for the former resident (or for the executor or administrator of the estate of a deceased former resident), the balance of the proceeds are to be dealt with as unclaimed money within the meaning of the Unclaimed Money Act 1995 .