South Australian Consolidated Acts South Australian Consolidated Acts72—Payment by ADI of sums not exceeding $2 000
(1) Whenever on the
death of an ordinary customer or depositor the moneys standing to his credit
on the books of any ADI do not exceed two thousand dollars, and probate of his
will or letters of administration of his estate is or are not produced to the
manager of the ADI within three months after the death of the customer or
depositor, the manager of such ADI may pay such money to the spouse or
domestic partner of such customer or depositor without any proof other than
the death of such customer or depositor and the identity of the spouse or
domestic partner as the case may be.
(2) Every payment so
made shall be valid, and be an effectual release to the ADI against all claims
and demands on account thereof.
(3) The next of kin,
legatees, executors, or administrators of the deceased customer or depositor
shall have all such remedies against the persons to whom such moneys were paid
as they would have had against the ADI if such payment had not been made by
the ADI as aforesaid.