Queensland Consolidated Acts

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PUBLIC TRUSTEE ACT 1978 - SECT 25

25 Unclaimed moneys fund

(1) The public trustee must continue to keep the account called the Unclaimed Moneys Fund (the fund).

(2) The Minister may direct that the whole or part of amounts that have been credited to the fund for 20 years or more be paid to the consolidated fund.

(3) The Minister may also direct that the whole or part of amounts credited to the fund that have not been paid to the consolidated fund be invested in the following investments--

(a) investments mentioned in section 21(6)(b)(i);
(b) investments that may be prescribed by regulation.

(4) Interest on the investments must be paid to the consolidated fund.



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